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

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

20230512N IOWN

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

RYO SATO, Nikkei staff writer

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.

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