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Japan to set up advanced-tech fund with eye on economic security

Investments to target AI, biotech and robotics, reflecting PM Kishida's pledge

The government-backed fund will invest in artificial intelligence and quantum technology, biotechnology and robotics.   © Reuters

TOKYO -- Japan will establish a 100 billion yen ($875 million) fund to help accelerate research and development of advanced technologies and enhance economic security, Nikkei has learned.

The government plans to kick off the fund next year. It will be the country's first fund dedicated to economic security. Investments will go into artificial intelligence and quantum technology, biotechnology, and robotics -- all of which have military applications.

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