Companies
Tech group NEC CEO pushes back on AI threat as company shares drop 20%
Japanese company to focus on overseas M&A over investment efficiency
NEC is banking on strong earnings in the age of artificial intelligence. (Photo by Kazuho Fujiwara)
TOKYO -- Shares of Japanese technology group NEC are down nearly 20% from the end of last year -- far underperforming the 30% gain of the benchmark Nikkei Average -- amid worries that artificial intelligence could threaten conventional IT and software companies.