MUFG completed the acquisition of an 18% stake in Groovenauts.

Mitsubishi UFJ Financial Group, a financial services company, completed the acquisition of an 18% stake in Groovenauts, an AI and quantum technology company. Financial terms were not disclosed. Through this alliance, MUFG Bank and Groovenauts will promote the Bank's digital transformation and strengthen the development of digital human resources, as well as collaborate in a variety of fields, including enhancing risk management in areas such as credit and market portfolios that link to optimization of asset liability management, refining analysis of reputation and operational risk, and improving administrative and operational efficiency.