In recent years Mizuho has sought out partnerships with companies possessing cutting-edge IT to explore business applications of this technology. Our Mizuho Creation Studio1, a laboratory facility set up within Finolab2, aims to facilitate cross-industry open innovation. Blue Lab is pursuing the creation and commercialization of next-generation business models using AI and other new technology. Groovenauts has developed the machine learning platform Magellan Blocks3, which allows users without any prior data science knowledge or experience with programming to start using machine learning. In December 2017, together with Fukuoka Financial Group, Inc., Groovenauts established Open AI Lab4 in Fukuoka.

Open AI Lab Tokyo will offer workshops to spread awareness about the business applications of machine learning. In particular, the lab will explore topics such as demand forecasting, image analysis, object detection in video, and linguistic analysis. The lab also aims to create an environment of interaction where companies from all different sectors and levels of industry can come together to explore new business opportunities.