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TIER IV joins JST’s Next-Generation Edge AI Semiconductor R&D Program to open-source AI chip designs for autonomous driving

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TOKYO, Aug. 14, 2026 /PRNewswire/ — TIER IV, the pioneering force behind open-source software for autonomous driving, has joined the Next-Generation Edge AI Semiconductor Research and Development Program led by the Japan Science and Technology Agency (JST) to advance research and development of a software-defined system-on-chip (SoC) for Level 4 autonomous driving. Under the JST program, a research team led by Professor Yoshihiro Kawahara of Graduate School of Engineering, The University of Tokyo, will advance research into use-case-driven, functionally differentiated physical AI chip design. Meanwhile, TIER IV is developing the logic design of an AI chip designed to efficiently process inference for end-to-end (E2E) autonomous driving AI, with the goal of open-sourcing the design assets and associated toolchain.

High-performance computing technologies, including graphics processing units (GPUs), have played a central role in accelerating the rapid evolution of AI. Level 4 autonomous driving, however, requires AI models to operate continuously under real-world and real-time constraints. This calls for a new approach that complements existing high-performance computing technologies while further advancing not only power efficiency, but also adaptability, transparency, and verifiability.

Through this initiative, TIER IV will independently design an AI chip for autonomous driving that supports Autoware, the world’s leading open-source software for autonomous driving, and evaluate its effectiveness as part of an SoC. In addition to the chip’s logic design, TIER IV will open-source the compiler and related toolchain. By making these technologies available, TIER IV aims to establish an open ecosystem in which semiconductor manufacturers can leverage its platform technologies to accelerate the commercialization of SoCs for Level 4 autonomous driving.

Power efficiency

Autonomous driving AI increasingly relies on large-scale Transformer models that process sensor inputs, such as camera images and point cloud data, in an integrated manner from perception through motion planning. This initiative will focus on Transformer inference and develop a dedicated architecture that simplifies the complex control mechanisms required for general-purpose computing.

Data required for AI model execution will be efficiently placed in advance and repeatedly reused within the chip, reducing the power consumed by external memory transfers and computation control. The architecture will also incorporate dedicated compute circuits for operations frequently used in Transformers, including matrix multiplication and attention mechanisms.

Rather than optimizing only the chip’s peak performance, TIER IV will seek to improve performance per watt across the entire autonomous driving system, including Autoware. The design will support flexible deployment across a broad range of applications, from embedded devices operating at several watts to in-vehicle electronic control units operating at several tens of watts.

Adaptability

The technology landscape surrounding autonomous driving AI is evolving rapidly, making it difficult for architectures designed around a specific model or hardware configuration to adapt continuously to change. To address this challenge, TIER IV will introduce the Tensor Operator Set Architecture (TOSA), a standardized intermediate representation, between AI models and the AI chip.

Operations from AI models developed in frameworks such as PyTorch will be converted into a common TOSA representation. Optimization and code generation will then be performed through TOSA before execution on the AI chip, enabling loose coupling between AI frameworks and hardware.

As a result, changes in AI model architectures or computational methods can be accommodated primarily through software updates to components such as the compiler and runtime, without requiring the entire chip to be redesigned from scratch. TIER IV aims to realize a software-defined SoC whose performance and power efficiency can be continuously optimized through software.

Transparency

In safety-critical applications such as Level 4 autonomous driving, it is important to understand not only the AI model itself, but also the internal architecture and processing flow of the computing system on which it runs. Under this initiative, TIER IV will open-source the logic design of its autonomous driving AI chip, together with the compiler and related toolchain.

By making the design information publicly available, TIER IV will enable semiconductor manufacturers and developers to inspect the chip’s internal architecture and software behavior, and to modify, extend, and reuse the technologies according to their vehicle platforms, AI models, performance requirements, and power constraints.

Just as Autoware has enabled collaborative development of autonomous driving software, TIER IV will extend the same open-source philosophy to AI chip design and related toolchains. This will support an ecosystem in which autonomous driving AI technologies can be continuously improved and advanced without dependence on specific semiconductor products or closed development environments.

Verifiability

The process of executing an AI model on a chip involves model-format conversion, computational optimization, quantization, rounding, and other transformations. These processes are essential to improving performance and power efficiency, but they may also introduce numerical differences that affect the final computation results. A mechanism is therefore needed to assess the impact of such differences.

Using TOSA and its clearly defined operator specifications as a foundation, TIER IV will structure the compilation transformation process and introduce formal verification techniques. For selected transformations and operations, the initiative will establish mechanisms to mathematically verify numerical consistency before and after transformation, as well as compliance with predefined error tolerances.

Through this approach, TIER IV will pursue not only high processing performance, but also an execution environment in which the transformations applied to an AI model before chip execution can be traced and the correctness of the resulting processing can be verified. This will contribute to a more reliable execution environment for autonomous driving AI.

Supporting quotes

“Advances in AI have been accelerated by powerful computing platforms, including GPUs, which have enabled rapid progress across the industry,” said Shinpei Kato, founder and CEO of TIER IV. “As Level 4 autonomous driving moves toward broader deployment, we believe the next step is to complement these platforms with computing architectures designed for real-world and real-time requirements. Through this initiative, we are introducing a software-defined and open approach to AI chip design that combines power efficiency, adaptability, transparency and verifiability. In particular, the ability to understand how an AI model is transformed for execution and to verify the correctness of that processing will be increasingly important as autonomous driving systems are deployed in safety-critical environments. By extending the open-source philosophy behind Autoware from software to AI chip design and related toolchains, we aim to create an open ecosystem in which automakers, semiconductor manufacturers and developers can build upon the technology and continue advancing their own systems. This represents an important step toward a scalable, adaptable and reliable computing foundation for Level 4 autonomous driving.”

“In physical AI applications such as robotics and autonomous driving, GPU power consumption has long been a major bottleneck for deployment on battery-powered devices,” said Professor Yoshihiro Kawahara of Graduate School of Engineering, The University of Tokyo. “This project aims to fundamentally overcome this constraint through a functionally differentiated chip design backward-mapped from specific use cases. I look forward to TIER IV developing chips responsible for high-level decision-making – specifically, the high-level behavioral layer that handles the thinking process essential for end-to-end physical AI and autonomous driving. As the leading force behind Autoware, the global standard open-source software for autonomous driving, TIER IV is democratizing design, with an approach spanning application requirements to hardware. This enables applied researchers to shape their ideal semiconductors. This initiative, supported by an open ecosystem, has the potential to lay the foundations for a steady stream of Japanese startups creating high-value semiconductors.”

About TIER IV

TIER IV stands at the forefront of deep tech innovation, pioneering Autoware, open-source software for autonomous driving. With a comprehensive suite of platforms and services built around Autoware, TIER IV provides everything from software development and vehicle procurement to operational support. Through the Autoware ecosystem, TIER IV works with partners worldwide to shape the future of intelligent vehicles with open-source software, aiming to create mobility that is safer, more sustainable, and accessible to all.

Media contact
pr@tier4.jp 

The word marks and logos of TIER IV are trademarks or registered trademarks of TIER IV, Inc. in Japan and other countries. All other company names, product names, service names, and logos referenced herein are trademarks or registered trademarks of their respective owners.

Autoware is a registered trademark of the Autoware Foundation.

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SOURCE TIER IV, Inc.

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Prime Minister of Australia Marks 500,000 Home Battery Milestone, Continuing Support for Local Solar Business

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SYDNEY, Aug. 15, 2026 /PRNewswire/ — Yesterday, the Smart Energy Council and RKS Energy Solutions, an authorised retailer for Fox ESS, hosted a press conference in a local warehouse in Castle Hill. Government leaders joined the celebrations, marking Australia’s milestone of 500,000 home battery installations and reinforcing the impact of the Cheaper Home Batteries Program (the program) on household adoption of residential energy storage. Fox ESS’s brand ambassador, Ian Thorpe, also witnessed this achievement.

Targeting more than two million installations by 2030, the program is now tracking at around 25% of the goal midway through 2026, illustrating how targeted upfront support can rapidly reshape an energy market and strengthen consumer confidence.

Building on earlier success, the Government has expanded the program beyond its original $2.3 billion commitment, with funding of $7.2 billion over four years. For local households, solar and home storage mean permanently lower power bills and real control over their energy costs.

The Government’s policy direction continues to evolve, including a renewed focus on the “missing middle” for commercial and industrial (C&I) energy storage. This includes further regulatory work to support solar-plus-storage and additional state-based incentives designed to accelerate uptake.

“This has been an extraordinarily successful scheme. It’s creating jobs and generating economic activity, while also reducing power bills. And it’s making a genuine difference to climate change by cutting our emissions. Overall, this is a complete win-win,” said Hon Anthony Albanese MP, Prime Minister of Australia.

“This is a story of global significance! Australian households have delivered 14 gigawatt hours of storage. We’re installing around 2,000 batteries every single working day across the country. And for many households, that has brought their power bills down to zero,” said Hon Chris Bowen MP, Minister for Climate Change and Energy.

Fox ESS has been a key contributor to this momentum, supporting strong demand through its local footprint. The company has offices in Sydney and Melbourne, with a service team of more than 50 experts dedicated to the Australian market. In this June, Fox ESS also opened its second factory, further supporting the shift to clean energy, and strengthening its capacity to meet growing demand.

“Fox ESS is now No. 1 in the Australian market, and I’m proud to be their brand ambassador, helping Australians make the most of renewable energy at home. We’re backing a future where Australia can run on the abundant resources we have, especially our renewable ones,” said Ian Thorpe, Olympian and Fox ESS Brand Ambassador in Australia.

Moving forward, with sustained government support, Australia is poised to strengthen energy resilience, delivering lower bills, and cleaner power nationwide.

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SOURCE Fox ESS

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The Wealth Company Launches Gift City Fund to Give NRIs a Single, Dollar-Denominated Route into India’s Mutual Fund Market

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New Category III AIF brings India’s 50+ AMCs and 1,600+ mutual fund schemes within one professionally managed investment structure

MUMBAI, India, Aug. 15, 2026 /PRNewswire/ — The Wealth Company, the asset management arm of Pantomath Group, has launched The Wealth Company IFSC Fund of Fund (FoF), an open-ended Category III Alternative Investment Fund based in GIFT City IFSC, offering eligible non-resident investors, including NRIs, a single, US dollar denominated route to professionally managed exposure across India’s mutual fund and ETF universe.

Through the USD-denominated FoF, investors can have a single-point diversified exposure to equity-oriented funds, sectoral strategies, fixed income funds, hybrid funds, gold and silver ETFs, index strategies and SIFs, subject to the fund’s mandate. 

For an NRI in Dubai, Singapore, London, or any other global financial centre, the fund offers the ability to participate in India’s growth through a structure designed specifically for non-resident investors – eligible investors do not separately need to undertake the SEBI FPI registration process.

The structure is intended for eligible global family offices, institutional allocators, accredited investors and HNI/UHNI non-residents.

“India’s growth has stopped being a story that Indians only watch from abroad. We want an Indian living overseas to think about India as part of their long-term wealth portfolio and not as a market that is difficult to access from where they live,” said Ms. Madhu Lunawat, Founder, The Wealth Company.

“There are more than 1,600 schemes to choose from, different market cycles and very different investment styles. Our job is to do that selection and rebalancing within a structure that makes sense for an overseas investor,” said Unmesh Kulkarni, Managing Director, Group Product Head, The Wealth Company.

The tax question: potentially significant, but not one-size-fits-all

Tax is another consideration for overseas investors. The Fund is structured as an IFSC-based Category III AIF and is expected to qualify as a “Specified Fund” under the applicable provisions of the Income-tax Act, 2025, subject to satisfaction of the prescribed conditions.

For eligible non-resident investors, distributions by the Fund and capital gains arising on transfer or redemption of Fund units may be exempt from Indian income tax, subject to the applicable statutory conditions.

Further, eligible non-resident investors who satisfy the prescribed conditions may also benefit from relaxations relating to PAN and filing of an Indian income-tax return, including where they have no other income chargeable to tax in India and the prescribed investor information and tax-deduction requirements are complied with.

The availability of these benefits is subject to the Fund satisfying the conditions applicable to a specified fund and to the individual circumstances of each investor.

The Fund may be of particular interest to investors based in jurisdictions such as the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, Oman, Uganda and Mauritius; however, the tax treatment in each investor’s home jurisdiction is subject to the investor’s individual circumstances and should be evaluated with the investor’s own tax advisor.

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CityUHK achieves stellar results again in the ARWU, ranking 2nd in Hong Kong and maintaining its position among the global top 100

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HONG KONG, Aug. 15, 2026 /PRNewswire/ — The exceptional research strengths of City University of Hong Kong (CityUHK) have once again received high international recognition. In the newly released 2026 Academic Ranking of World Universities (ARWU), CityUHK secured a place among the top 100 globally for the second consecutive year and rose four places from last year to rank 95th worldwide, firmly maintaining its 2nd position in Hong Kong.

CityUHK continued to deliver an impressive performance across several core evaluation indicators. Notably, in the key academic indicator of “Highly Cited Researchers by Clarivate”, the University entered the global top 25 for the first time, ranking 2nd in Hong Kong. This once again demonstrates the University’s leading international advantage in nurturing top scholars and producing high-quality research.

Professor Chun-Sing Lee, Acting President of CityUHK, was deeply encouraged by these outstanding results. “We are immensely proud that CityUHK has been ranked among the top 100 globally for two consecutive years and maintained its 2nd place ranking in Hong Kong,” he said. “This remarkable achievement reflects the continuous improvement in the University’s teaching and research strengths, as well as our leading edge in promoting internationalised education. Recognised by Times Higher Education (THE) as the ‘Most International University in the World’ for three consecutive years, CityUHK will continue to harness its powerful momentum in research and innovation, deepen cross-regional collaboration with top institutions locally and globally, actively promote the ‘Study in Hong Kong’ brand, and lead higher education towards new milestones.”

The ARWU, published by ShanghaiRanking, is widely regarded as one of the most influential and authoritative global university rankings. Inaugurated in 2003 by the Centre for World-Class Universities at Shanghai Jiao Tong University, it evaluates over 2,500 institutions worldwide annually, publishing the top 1,000 results. The evaluation is based predominantly on objective indicators of academic and research excellence, including the number of highly influential scholars, the volume of papers published and indexed in premier journals, and the per capita academic performance of the institution.

In recent years, CityUHK’s academic influence has continued to grow, earning widespread recognition and achieving outstanding results across various international rankings. In the 2027 Quacquarelli Symonds (QS) World University Rankings, published in June this year, CityUHK achieved remarkable success by jumping 11 places to 52nd globally, solidifying its position among the top 3% of universities worldwide. Notably, in the core indicator of “Citations per Faculty”, the University achieved an exceptional result, ranking 2nd globally and 1st in Hong Kong. Together with the latest ARWU results, this demonstrates the top-tier academic standard of the University’s faculty and research teams, as well as the tangible contribution of their innovative research to global science and societal development.

Steven Lee, Communications and Institutional Research Office, CityUHK (Tel: 3442 9945)

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SOURCE CITY UNIVERSITY OF HONG KONG

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