New NTT Joint Venture Using AI and IoT to Advance Sustainable Food Security Worldwide
On July 1, 2023, NTT Corporation (President and CEO: Akira Shimada, "NTT") formally launched NTT Green & Food Corporation, a company using artificial intelligence, IoT and other information communications technologies to develop more efficient and sustainable food production systems.
- On July 1, 2023, NTT Corporation (President and CEO: Akira Shimada, "NTT") formally launched NTT Green & Food Corporation, a company using artificial intelligence, IoT and other information communications technologies to develop more efficient and sustainable food production systems.
- NTT Green & Food will initially provide algae to aquaculture operators and farmers facing soaring feed and fertilizer costs due to recent price surges in raw materials.
- Production and sale of seafood: By utilizing the algae developed in Process A as a food fish source, NTT Green & Food aims to increase the growth rate for regional fish.
- NTT Green & Food aims to achieve revenues of about $70 million in about five years, and over $200 million in around a decade.