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Artificial intelligence

Japan's AI unicorn Preferred Networks to court first overseas investors

Company, partners working to beat Nvidia with next-generation AI accelerator by 2027

CEO Toru Nishikawa of Preferred Networks says he want to courts oversea investors. (Photo provided by the company)

TOKYO -- One of Japan's highest-valued AI unicorns, Preferred Networks (PFN), is looking to court overseas investors for the first time as it accelerates chip development, Nikkei Asia has learned.

CEO Toru Nishikawa said in an interview that Preferred Networks aims to raise tens of billions of yen in the next year or two and will seek funding from overseas investors.

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