Ken Kutaragi in new ?cyber? start-up

The former chairman and CEO of Sony Computer Entertainment, Ken Kutaragi, has established a new company in Tokyo.

A report from Japanese news group Nikkei, brought to attention in a Kotaku report, claims that the new company is called ‘Cyber AI Entertainment’.

Kutaragi, widely known as the ‘father of PlayStation’, has a purported 90 per cent stake in the new firm. Reports also indicate that Cyber AI Entertainment has raised 20 million Yen in capital.

The start-up firm will work in the field of internet services, though it is currently unclear exactly how the business will operate and if it will overlap with the game industry.