TOKYO - Hitachi, Fanuc and AI-startup Preferred Networks are creating a joint venture to develop manufacturing systems that combine artificial intelligence and edge computing technologies to achieve superior productivity.
Intelligent Edge System will be capitalized at 30 million yen ($275,000), with the three companies contributing an equal amount, the trio said Wednesday. The joint venture will be established April 2 in Yamanashi Prefecture, where industrial robot and factory automation company Fanuc is headquartered.