Kutaragi starts new company

MCV Staff 11th November 2009 Business News

The former chairman and CEO of Sony Computer Entertainment, Ken Kutaragi, has established a new company in Tokyo.

A report from Japanese news group Nikkei, brought to attention in a Kotaku report, claims that the new company is called ‘Cyber AI Entertainment’.

Kutaragi, widely known as the ‘father of PlayStation’, has a purported 90 per cent stake in the new firm. Reports also indicate that Cyber AI Entertainment has raised 20 million Yen in capital.

The start-up firm will work in the field of internet services, though it is currently unclear exactly how the business will operate and if it will overlap with the game industry.

Story originally published on Develop

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