Japanese legacy companies are increasing their venture capital investments in Silicon Valley to overcome "Galapagos syndrome" and keep pace with the AI revolution. Pegasus Tech Ventures is seeing significant fund expansions from clients like Japanet, which is quadrupling its fund to $200 million, and auto supplier Aisin, which doubled its fund to $100 million.
Anis Uzzaman, CEO of Pegasus, notes that these firms are "sweating" as they lag behind the U.S. and Europe in AI adoption. By partnering with startups, these corporations aim to bypass slow internal R&D. Read the full story at Fortune (subscription).
Source · Fortune
