The FINANCIAL — Hitachi, Ltd. and Preferred Networks, Inc. announced on December 11 that Hitachi made an investment in PFN, aimed at collaborative creation using “deep learning” and other forms of artificial intelligence (AI) technologies.
The investment amount is approximately 500 million yen, and Hitachi received shares issued as a capital increase through a third-party allocation on November 30.
In recent years, the world has been changing dramatically due to rapid advances in digitalization; for example, as IoT (the Internet of Things) and digital technologies come to be used in a wide range of fields. In this context, in an effort to resolve social issues, Hitachi is focusing on the Social Innovation Business, which combines the OT (Operational Technology) and IT that it has accumulated up to now. Hitachi is also actively promoting the use of cutting-edge technologies such as AI and robotics in the Social Innovation Business, according to Hitachi.
PFN, meanwhile, is carrying out R&D on machine learning and deep learning since its foundation, and is also developing distributed computing and networking technologies aimed at achieving “edge-heavy computing,” in which data is processed through distributed coordination of the cloud, network devices, and edge devices. It has also developed and provided “Chainer,” an open source deep learning framework, driving innovations, and collaborating with various leading companies to promote the use of cutting-edge technologies in the real world.
Through this capital investment, Hitachi and PFN combine the strengths that each company has cultivated, and begin studies of collaborative creation aimed at achieving further innovations. Hitachi and PFN will strive to leverage AI technologies as part of efforts to achieve “Society 5.0,” for example by applying AI technologies in edge computing, incorporating intelligence into existing systems, and developing next-generation control systems.