AI Fund and Mitsubishi Corporation have entered into a strategic partnership to drive AI-powered innovation across Mitsubishi Corporation’s diverse business lines. Mitsubishi Corporation is one of the largest Japanese trading and investment companies and brings deep knowledge of multiple industries that AI can positively impact.
Through this partnership, AI Fund and Mitsubishi Corporation’s Smart-Life Creation Group will explore co-building cutting-edge AI startups that capitalize on opportunities across industries. Mitsubishi Corporation’s Smart-Life Creation group is dedicated to improving the quality of life by addressing consumer needs, with expertise in areas such as retail, apparel, healthcare, logistics, financial services, and digital business.
By combining Mitsubishi Corporation’s deep domain expertise and global reach with AI Fund’s experience in building and scaling AI companies, this collaboration will develop AI solutions that drive innovation and deliver value to customers worldwide.
Mitsubishi Corporation is working with AI Fund to use AI to generate business impact that promotes economic development and environmental sustainability. Initial focus areas include:
- Real Estate: Increase economic development in rural areas by identifying vacant and underutilized properties which could house small businesses.
- Financial Services: Streamline small business office equipment leasing to make the businesses more productive.
“We are delighted to partner with Mitsubishi Corporation, a global leader with a proven track record of success across multiple industries,” says Andrew Ng, Managing General Partner of AI Fund. “Special thanks to Shota Kondo, CEO of the Smart-Life Creation Group, and Takuya Hirakuri, COO of the Digital Solutions Division, for joining forces with AI Fund. Together, we can build AI software to improve efficiency and solve complex problems across Mitsubishi Corporation’s diverse portfolio.”
This partnership represents a significant step forward in AI Fund’s and Mitsubishi Corporation’s shared mission to harness the power of AI to drive economic development and make for a more productive society