Mitsubishi UFJ Financial Group (MUFG) Strengthens AI Strategy with New Partnership

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) is one of the 13 Best Japanese Stocks to Buy According to Hedge Funds. On May 19, Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) and its consolidated subsidiary, MUFG Bank, announced a new partnership with Sakana AI, a company that specializes in AI research and development.

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) has also appointed Ren Ito, the Chief Operating Officer of Sakana AI, as the group’s AI Advisor.

Sakana AI and MUFG Bank will form a long-term strategic partnership for a period of more than 3 years. Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) plans to use Sakana AI’s innovative technologies to solve management challenges and add more value to operations. Initially, the corporation will use the expertise of Sakana AI’s “The AI Scientist” to automate the creation of documents.

Ren Ito will play an active role by advising Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) on AI-related activities. He will help shape the corporation’s AI strategy while also supporting networking and providing important information to the management team.

In its current business plan, which began in April 2024, Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) committed to improving its AI capabilities and data infrastructure to improve productivity and better serve customers. This partnership is part of the group’s aim to strengthen its AI strategy.

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) is one of the largest banking institutions in Japan and a leading global financial services group. It offers a wide range of services, including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

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Disclosure: None. This article is originally published at Insider Monkey.