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Panasonic buying Silicon Valley AI startup

Japanese electronics giant plans range of services using Arimo's tech

Osaka-based Panasonic aims to strengthen its hand in artificial intelligence by purchasing California venture Arimo.

OSAKA -- Panasonic will purchase an American startup this month to get its hands on expertise in artificial intelligence, aiming to sell services for saving energy or predicting equipment breakdowns from operating data.

The Japanese electronics conglomerate is seen paying tens of millions of dollars for Arimo, based in California's Silicon Valley region. Founded in 2013, the 16-employee startup includes alumni of Google and other tech titans, and it has leveraged these connections to hire top data scientists.

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