Market Chatter: Japan's Fujitsu Bets on Hardware-AI Package as Europe Seeks Alternatives to U.S. Dominance
Japanese ICT firm Fujitsu (TYO:6702) is pivoting to become an AI business by merging its electronics manufacturing roots with AI services, aligning with Europe's push to reduce U.S. tech dependence, Nikkei Asia reported Tuesday.While the U.S. and China currently dominate IT and AI, Fujitsu aims to offer AI as an integrated package, a strategy bolstered by global efforts to develop domestically controlled AI technologies due to economic security concerns, the publication said.At a February forum in Stockholm, Fujitsu executive Mikihito Saito heard repeated calls from European officials and defense leaders for reducing their reliance on U.S.-based AI, the news agency said.This growing demand for non-American AI solutions further supports Fujitsu's repositioning in the global market, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)