Rakuten Set to Launch 'Very Unique' AI Language Model, Expects Profitable Growth

Japanese e-commerce heavy weights Rakuten has announcement It is plans has introduce A internally artificial intelligence (AI) language model In THE future two month.

What This happened: during A recent discussion with CNBC, Hiroshi "Mickey" Mikitani, THE CEO of Rakuten, shed light on THE the company in progress project has create It is big language model (LLM). Contrary to It is peers In THE technology industry, Rakuten has to access has A notably miscellaneous database due has It is expansive business businesses, which include banking, telecommunications, And e-commerce.

Rakuten plans has to use This "very unique" database has form It is LLM, which Mikitani believes will improve operational efficiency And marketing strategies by 20%. Moreover, Rakuten for has offer It is AI model has third party businesses, as Amazon And Microsoft.

According to has Mikitani, THE business East on calendar has to roll out It is AI model In THE following "couple of month. »

See Also: Apple Gets Bullish Outlook From Analyst: 'Short term Risks' Lowered, Bull Case Reignited

While technology mastodons Since THE WE. And China, such as OpenAI, Amazon, Google, Baidu, Ali Baba, And Tencent, to have with success spear their LLM, Japanese companies are trying has level THE playing field. Earlier This year, telecom conglomerate NTT revealed It is own LLM, while SoftBank generative AI computing platform begin operations In November.

In Mikitani's see, branching out out In AI technology is holding THE promise of "huge profitable growth" For Rakuten.

For what He Imported: AI technology East more and more become A heart appearance In THE business strategies of most technology businesses, as observed during THE last earnings season which saw A save mention of AI In management speech. Rakuten entrance In THE AI space come as THE European union East moving closer has regulator AI technologies, showing THE growth importance of AI In THE global technology scene. THE the company unique database Since It is miscellaneous companies could provide he with A competitive edge In This quickly growth field.

Read Next: Did Google Scene It is AI Video Demonstration? Executive Said Gemini Was Spoon fed Details

Picture by Anthony Tajuelo via Flickr

Designed by Benzinga Neuro, Edited by Pooja Rajkumari

THE Based on GPT-4 Benzinga Neuro content generation system Exploits THE extensive Benzinga Ecosystem, including native data, Apis, And more has create complete And timely stories For You.