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NTT doubles down on AI, data centers with $60bn investment

Japanese telecom to create new unit for next-generation optical network tech

NTT will spin off operations around its IOWN optical network technology into a new company. (Photo by Mizuho Miyazaki)

TOKYO -- Nippon Telegraph and Telephone will invest 8 trillion yen ($59 billion) over five years in artificial intelligence, data centers and other growth areas under a plan announced Friday.

The 8 trillion yen is part of the 12 trillion yen in total spending under this medium-term plan. At least 1.5 trillion yen goes toward expanding and upgrading data centers. The digital business, which includes AI and robots, gets at least 3 trillion yen.

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