Z Holdings, the internet subsidiary of SoftBank, has planned to invest 500 bn yen ($4.7 bn) in technology in the next 5 years with a special focus on Artificial Intelligence. This news comes after the merger of its internet business Yahoo Japan with chat app operator Line, resulting in a $30 bn internet heavyweight. The company said Z Holdings is hoping for sales of 2 trillion yen and an operating income of 225 bn yen by 2023 post-merger.

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