Japan’s Initiatives to Become the Most AI-Friendly Country & Attract Tech Giants

MetaversePlanet June 20, 2024

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Japan’s new policies are aimed at attracting tech giants from the U.S. and the EU who are in trouble with lawmakers.

Recently, artificial intelligence has appeared in almost every area. From generative AI to specialized AI for scientific studies, and AI that creates videos to systems that predict where there is solid waste in sewers, AI technology has grown rapidly and effectively. In response, the EU and the US have chosen to implement regulations, with the European Union even enacting a general artificial intelligence law.

As a result, technology giants, finding their operational spaces shrinking, have started looking for places where they can continue their AI studies more easily. Japan has opened its arms and doors wide to these giants. Of course, there are various reasons for this situation.

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Japan puts innovation ahead of regulations

According to Nikkei Asia, Japanese authorities are working on more flexible AI regulations. These policies aim to create a more comfortable workplace where innovation takes precedence over regulation. Although Japan has recently abandoned its laissez-faire approach, the country still maintains a looser regulatory system. This situation has attracted technology giants such as Microsoft, Google, and Amazon to the country. Japan is on its way to becoming an important center for artificial intelligence investments globally. Additionally, this policy has benefits for Japan itself.

AI support for an ageing society

Japan is a country where people live quite long lives but have very few children. In fact, the number of pets in the country has exceeded the number of children under the age of 15. Due to the declining birthrate, there is a serious labor shortage. Moreover, Japan is a closed society where changing jobs is generally frowned upon, making it difficult to find employees.

Japan, which has a significant advantage in technology, aims to match its skills with artificial intelligence technologies. As a result, artificial intelligence and robotics may be seen as an alternative to replace the missing blue-collar workforce in the country.