Panasonic plans to further expand its artificial intelligence business, investing approximately 500 billion yen over the next two fiscal years.

The report states that Panasonic, once a global leader in consumer electronics, has gradually reduced its reliance on home appliances in recent years and has become a major battery supplier for Tesla. Panasonic plans to leverage its partnerships with major industry players to achieve approximately ¥1.4 trillion in sales related to AI infrastructure over the next three years, and recently announced an investment of approximately ¥500 billion in this area over the next two fiscal years. The company has also increased its workforce reduction from the previously announced 10,000 to 12,000, and expects to save ¥145 billion by fiscal year 2024. (Sina Finance)