Japan invests $65 billion to boost AI and semiconductor industries

Japan plans to invest $65 billion in artificial intelligence and microchips to enhance its tech industry and address challenges from its aging population. Lawmakers may approve this funding package this week, marking a significant shift in Japan's tech strategy. The investment will support the Rapidus project for next-generation semiconductors and aims to triple domestic chip sales by 2030. Concerns remain about worker shortages and energy supply for these energy-intensive projects, as Japan relies heavily on fossil fuel imports. Collaborations between Japanese firms and companies like Nvidia aim to create an AI network across the country. Japan's copyright laws are favorable for AI development, and the government seeks to attract over $450 billion in investments for AI and chips over the next decade.