Japan millennial nears billionaire status on AI firm share surge

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Japan millennial nears billionaire status on AI firm share surge
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A Japanese millennial could soon be a billionaire after shares of his AI-powered matching service for companies surged nearly 50% this year

that he found the inspiration to start this business from his grandfather, who was forced to shut his real estate agency in the 1980s when he retired because he was unable to find a successor.

Sagami's company can close M&A deals within six months — a process that typically takes over a year. Powered by AI and its proprietary data, the company can close M&A deals between 49 days to six months,These deals typically take over a year from request to completion, the Tokyo-based company added. Other M&A consultancies charge retainer fees that can reach tens of millions of yen — even if the deal doesn't eventually close, — more than double the 26 it closed in the same period a year ago.

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