Japan Bets $16 Billion to Propel Rapidus in Global AI Chip Race

(Bloomberg) — Japan approved ¥631.5 billion ($4 billion) in additional subsidies to quicken Rapidus Corp.’s entry into the high-stakes AI chipmaking arena, ramping up support for a project widely regarded as a long shot.The capital is intended to bankroll Rapidus’ work for IT firm Fujitsu Ltd., one of the initial clients that Tokyo hopes will get the signature endeavor off the ground. The new money raises the fees and investments that the government is injecting into the startup to ¥2.6 trillioRead More