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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...

The term “circular economy,” or “CE,” refers to an economic system committed to promoting the most efficient use of material resources throughout their lifecycle. CE will fundamentally change how companies do business. Panasonic is now considering a strategic roadmap based on practical action that can provide the global organization with an innovative and sustainable CE model. To help people understand the purpose of CE and provide examples based on the Group’s vision for a CE society, the Design HQ of Panasonic Corporation and the Manufacturing Innovation Division of Panasonic Holdings, Inc. held the “→ Use Forever Exhibition” event at Ryosokuin, a historic Buddhist temple in Kyoto, in September and October 2024. The one-way arrow in the title of the exhibition, “→ Use Forever,” suggests both an irreversible shift from a disposable culture to a culture of continuous use and a world where “disposable” no longer exists. “What happens to a washing machine that has served its purpose?” Fo...