Japanese conglomerate NTT takes USD 100 million dive into AI-enhanced land-based aquaculture
Tokyo, Japan-based NTT Corporation has created a subsidiary aiming to use artificial intelligence, IoT, and other information communications technologies to develop more efficient and sustainable aquaculture production methods.
NTT is one of the five largest global technology and business solutions providers in the world, serving 190 countries and more than 75 percent of Fortune Global 100 companies and thousands of other clients.
Launched 1 July as a joint venture with Japan’s Regional Fish Institute, NTT Green and Food Corporation, will be focused on three initiatives: the production and sale of algae, including omega-3 enriched products for aquafeed; the production and sale of fast-growing, high-performance seafood from land-based aquaculture; and the development and provision of a sustainable land-based aquaculture system, using renewable energy and energy-efficient water-purification plants.
NTT said it aims to achieve USD 70 million (EUR 62.9 million) in revenue within five years and more than USD 200 million (EUR 180 million) in revenue within the next decade. It has been capitalized with JPY 9.2 billion (USD 66.4 million, EUR 60 million), according to a Regional Fish Institute press release.
“Through the creation and implementation of carbon dioxide conversion process, the new organization… initially aims to solve future food shortages while mitigating negative environmental impacts associated with onshore seafood production,” it said in a press release.
As a first step, NTT Green and Food will develop …
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