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Steel is an open-source browser API. Made for agentic & AI use cases.The platform aims to build AI products that can book us a flight, find us a sublet, buy us a prom suit, and get us an interview.
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SoftBank, NEC, Honda, and Sony Group jointly establish a Japanese domestic AI foundation model development company
According to Jiji Press, SoftBank, NEC, Honda, and Sony Group have jointly established a new company named “Japan AI Foundation Model Development,” aiming to advance the development of domestically produced AI foundation models. The company plans to assemble approximately 100 AI developers, with its president appointed from SoftBank’s executive ranks. In addition to the four founding companies, Nippon Steel, Kobe Steel, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Banking Corporation, and Mizuho Bank are also participating as investors. SoftBank and NEC will lead development efforts, while Honda will apply the outcomes in autonomous driving. Preferred Networks is also involved. The company intends to widely open access to its AI technologies to Japanese enterprises beyond its investors and expand into robotics AI. If selected by Japan’s New Energy and Industrial Technology Development Organization (NEDO), the company expects to receive ¥1 trillion (approximately RMB 43 billion) in government support over five years starting in fiscal year 2026.