Panasonic invests in AI Data Platform Developer FastLabel, through the Panasonic Kurashi Visionary Fund
Tokyo, Japan – Panasonic Corporation (Head office: Minato-ku, Tokyo; President & CEO: Masahiro Shinada; hereinafter referred to as Panasonic) has announced that it has decided to invest in FastLabel Inc. (Head office: Shinagawa-ku, Tokyo; Representative Director and CEO: Takeshi Suzuki; hereinafter referred to as FastLabel), an AI data platform developer and provider, through a corporate venture capital fund, commonly known as the Panasonic Kurashi Visionary Fund, jointly managed by Panasonic and SBI Investment Co., Ltd. AI, a transformative technology for both social life and business, is being implemented across various fields, and its demand is expected to continue growing in the future. At the same time, the market for annotation (data tagging), which is essential for building AI models, is forecast to expand in line with the rapid growth in demand for AI, reaching USD 1,363 million (about JPY 200 billion) in 2030. FastLabel provides fast and highly accurate annotation services...