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Technology / AI and automation

FIVE JAPANESE FIRMS TEAM WITH CARNEGIE GROUP IN VENTURE START-UP

Five Japanese firms have joined with the Carnegie Group Inc of Pittsburgh, Pennsylvania to invest in a new venture capital artificial intelligence company in Japan. The new firm is called Intelligent Technology Inc. The Japanese firms include Nomura Computer Systems, the computer services company claimed to have the largest data processong sales revenue in Japan last year at $243m, plus Marubeni and Nissho Iwai, two large trading firms. The Carnegie group will take 33% of the equity and the three named Japanese firms around 8% each. The plans are to release next spring, in Japanese, the high-function Personal Computer-based expert system being developed in the US in conjunction with IBM. Meanwhile Carnegie group competitor IntelliCorp, Mountain View, California, has announced that it has appointed Computer Services KK as its Japanese distributor for the KEE Knowledge Engineering Environment expert system support software. Computer Services KK was ranked second in the industry last year by overall revenue and already holds 2.5% of IntelliCorp’s issued stock. The companies will work together on converting KEE to handle Japanese processing, and on new packages.

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CBR Staff Writer

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