NTT launches ¥80B IOWN AI Fund to back photonics and AI startups

On June 26, 2026, Japan’s NTT detailed the creation of the IOWN AI Fund, targeting around ¥80 billion to invest in photonics, semiconductors and AI-related startups that fit its IOWN next-generation network vision. The fund, formed after a June 10 announcement, will be managed with partners including Walden Catalyst Ventures and will invest in later-stage companies while Walden backs earlier-stage firms. Telecom and chip players such as SK Telecom, SK hynix and Chunghwa Telecom are participating as partners.