Rakuten signs MoU with OpenAI to develop services

FILE PHOTO-Rakuten Bank executives hold a placard showing the company logo during a ceremony to mark the company's debut on the Tokyo Stock Exchange in Tokyo, Japan April 21, 2023. REUTERS/Issei Kato/File Photo

TOKYO (Reuters) -Japan's Rakuten Group has signed a memorandum of understanding (MoU) with OpenAI to explore commercial opportunities together.

Rakuten said on Wednesday the companies will collaborate on the use of OpenAI apps in Rakuten's products and services.

(Reporting by Anton Bridge; Editing by Jacqueline Wong and Tom Hogue)