AI development opportunities extend beyond Silicon Valley: U.S. VC exec

PALO ALTO, California -- American venture capital firm Lux Capital recently led a $30 million investment round for Sakana AI, an artificial intelligence startup born in Tokyo and founded by former Google researchers.

Such Japanese powerhouses as the NTT group, Sony Group and KDDI joined the round alongside Lux, which boasts more than $5 billion in assets under management. Brandon Reeves, a general partner, and Grace Isford, a partner, recently explained to Nikkei why they saw an opportunity in Japan.