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SoftBank incubator steps up investment in Japanese AI

Trade war and China security concerns could be opportunity for tech sector

The incubator runs a 300 member community called "Kernel" (Photo courtesy of Deepcore)

TOKYO -- A Japanese incubator owned by SoftBank Group, is accelerating its investment into the country's artificial intelligence startups despite the verdict of its parent group's founder that Japan is "underdeveloped" in the cutting edge technology.

Deepcore has one investment fund with a portfolio of 18 AI-focused startups in the seed to early stage, many of which are Japanese. The fund is planning to increase the number to "a total of about 70 startups," says Chief Financial Officer Kasumi Amemiya, who adds there is a growing opportunity in Japan.

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