Tokyo, Oct 2024 - Mitsubishi UFJ Financial Group, Inc. (“MUFG”) and its consolidated subsidiary, MUFG Bank, Ltd., along with MUFG Innovation Partners Co., Ltd., announced that they have entered into an investment agreement with Sakana AI K.K. (“Sakana AI”), an AI R&D company. As a result of this agreement, MUFG has become Sakana AI’s largest Japanese corporate investor, during this Series A funding round. Founded in July 2023, in about a year Sakana AI achieved unicorn status with a valuation exceeding one billion dollars. The company is led by David Ha, who has overseen complex systems and autonomous systems research as the head of Google Brain’s research team in Japan; Llion Jones, one of the authors of the seminal paper “Attention Is All You Need,” which catalyzed the development of the “Transformer” AI model, leading to the explosive proliferation of current generative AI; and Ren Ito, who has been involved in diplomacy and global business operations at Japan’s Ministry of Fore...
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