Formation of a joint venture using generative AI and establishment of LUVO
First written in FY2024-Q3. 1 of 3 entries say "Achieved", first in FY2024. Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1AdvancedAnnual report
「At Grams, revenue from BPO services for EC operators and proprietary systems has remained firm. At LUVO, revenue related to AI agents has begun to be recognized, contributing to revenue growth.」
LUVO has progressed from establishment and launch of the generative-AI business to the stage at which AI-agent-related revenue is beginning to be recognized. - FY2024AchievedAnnual report
「On 2 September 2024, we established the joint venture. Company: LUVO Co., Ltd.; business: generative-AI product development and service operations, AI employee staffing services and AI original-character production services; capital: ¥50 million; establishment date: 2 September 2024; ownership: Caster Co., Ltd. 100%.」
The joint venture with Alt was established, and its business was specified as AI employee staffing and AI character production using generative AI. - FY2024-Q3First statedAnnual report
「We considered establishing a joint venture with Alt to develop products and operate services using generative AI. As a result, we decided to establish a joint venture as a platform for improving human productive labor by combining our expertise in the human-resources business with Alt’s core AI technologies. Company: LUVO Co., Ltd.; business: generative-AI product development and service operations, annotation services, contract development of AI agents and staffing of AI agents; capital: ¥50,000 thousand; scheduled establishment date: 1 September 2024; ownership: Caster Co., Ltd. 100%.」
Planned LUVO to combine Alt’s core AI technologies with the company’s human-resources and operational capabilities and provide annotation, contract development of AI agents and AI-agent staffing services, with establishment scheduled for 1 September 2024.