Market Chatter: Panasonic AI App Delayed as Household Service Set to Close

MT Newswires Live12-16

Panasonic Holdings (TYO:6752) is facing setbacks in building new growth businesses, with the launch of its consumer-focused AI app Umi pushed back and a household support service set to end in January, Nikkei reported Tuesday.

Umi, unveiled at CES last year as a pillar of Panasonic's AI strategy, will not launch as planned, Group CEO Yuki Kusumi said, without giving a revised timetable, according to the report.

Separately, Panasonic will shut down Yohana, a household support app launched in the United States in 2021, on Jan. 30, citing a review of the business environment, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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