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Business deals

SoftBank and Indonesia's Lippo partner on smart city development

Japanese conglomerate brings AI, facial recognition and IoT tech

From left, John Riady, Lippo Karawaci's CEO, and Hidebumi Kitahara, SoftBank's head of global business strategy, sign a partnership agreement in Jakarta on Nov. 28. (Photo by Jun Suzuki)

JAKARTA -- In a partnership of sprawling conglomerates, Japan's Softbank Corp. on Thursday announced it will work with the real estate arm of Indonesia's Lippo Group to promote smart city projects.

SoftBank and Lippo Karawaci, which is developing a township near Jakarta, plan to take advantage of artificial intelligence and internet of things technologies in the community. By early next year, SoftBank aims to offer services to residents using facial recognition and image analysis systems.

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