Upgrade to Pro — share decks privately, control downloads, hide ads and more …

Tech-Verse 2025 Keynote

Tech-Verse 2025 Keynote

More Decks by LINEヤフーTech (LY Corporation Tech)

Other Decks in Technology

Transcript

  1. 5FDI8FFL 5FDI8FFL 5FDI7FSTF  .PO  5VF  8FE 

    5IV  'SJ   )BDL%BZ 0/-*/&0''-*/& )ZCSJE&WFOU
  2. 1MBUGPSN*OUFHSBUJPOr 0VS7JTJPO 8IZ)BWF0VS0XO1SJWBUF$MPVE 0WFSXIFMNJOHDPTUCFOFGJUT )JHI $PTU -PX $PTU 1VCMJD$MPVE 1SJWBUF$MPVE

    § %FW0QTCZBMFBOUFBN VTJOHPQFOUFDIOPMPHJFT 0SHBOJ[BUJPOBM 4DBMF  QFPQMF 3FBTPOTGPSDPTUEJGGFSFODFT 4FSWFST L 5SBGGJD 5CQT %BUB &CZUF § $PTUSFEVDUJPOFOBCMFECZ MBSHFTDBMF PG1MBUGPSNT 1' 
  3. 1MBUGPSN*OUFHSBUJPO 0VS7JTJPO 8IZ)BWF0VS0XO1SJWBUF$MPVE &GGJDJFOUQSPDFTTJOH &GGFDUJWFVTFPGPUIFSDPNQBOJFTQSPEVDUT 4VCTJEJBSZ 4FSWJDF -:$PSQPSBUJPO 4FSWJDF" -:$PSQPSBUJPO

    4FSWJDF# 1SJWBUF $MPVE 1VCMJD$MPVE $POTJTUFOUMZDPNQBSF GVODUJPOBMJUZ QFSGPSNBODF  BOEDPTUUPFGGFDUJWFMZ VTF QSPEVDUTGSPNPUIFS DPNQBOJFT &GGJDJFOUMZQSPDFTTWBSJPVT DSPTTGVODUJPOBM DPNNPOBMJUJFT
  4. 1MBUGPSN*OUFHSBUJPO 0VS7JTJPO 4JHOJGJDBOUQPUFOUJBMGPSGVSUIFSHSPXUI $IBMMFOHFT &MJNJOBUJPOPG EVBMFOWJSPONFOUT 'VSUIFSTUSFOHUIFOJOH PGTFDVSJUZ "DDFMFSBUJPOPG JOOPWBUJPO

    *OUFHSBUJPOFOBCMFT GPDVTFEPQFSBUJPOT ü 5FDIOPMPHJFT ü &OHJOFFST ü 'BDJMJUJFT 4FDVSJUZ (PWFSOBODF $POUJOVPVTMZTUSFOHUIFO TFDVSJUZCFZPOEUIFOPSN l )JHIEFNBOEGPS HFOFSBUJWF"* l /FXGPSNTPGTFSWJDFT l &YQMPTJWFEBUBHSPXUI
  5. 4FDVSJUZ 'VODUJPOBMJUZ $PTU &GGJDJFODZ $BUBMZTU0OF1MBUGPSN˞ 1MBUGPSN*OUFHSBUJPO 0VS7JTJPO 7JTJPO JAPAN KOREA

    TAIWAN THAILAND VIETNAM 6TFST -:$PSQPSBUJPO(SPVQ 4FSWJDFT ˞*OUFSOBM1SPKFDU/BNF
  6. $BUBMZTU0OF1MBUGPSN˞ 1MBUGPSN*OUFHSBUJPO 0VS7JTJPO 4USVDUVSF "* 1MBUGPSN %BUB 1MBUGPSN 4FSWJDF 1MBUGPSN

    $MPVE1MBUGPSN *OGSBTUSVDUVSF %FTJHO 1VCMJD$MPVE %FW0QT 1MBUGPSN 6TFST 4FDVSJUZ -:$PSQPSBUJPO(SPVQ 4FSWJDFT ˞*OUFSOBM1SPKFDU/BNF JAPAN KOREA TAIWAN THAILAND VIETNAM
  7. -:$PSQPSBUJPO(SPVQ 4FSWJDFT $BUBMZTU0OF1MBUGPSN˞ "* 1MBUGPSN %BUB 1MBUGPSN 4FSWJDF 1MBUGPSN $MPVE1MBUGPSN

    *OGSBTUSVDUVSF %FTJHO 1VCMJD$MPVE %FW0QT 1MBUGPSN 4FDVSJUZ 1MBUGPSN*OUFHSBUJPO 0VS7JTJPO 4USVDUVSF '-"7" ˞ %$*##* ˞ /*-& ˞ -:.*9 ˞ 4BGF0QT ˞ 6TFST -FBO"* ˞ ˞*OUFSOBM1SPKFDU/BNF JAPAN KOREA TAIWAN THAILAND VIETNAM 1"/"." +*/ ˞ "SL %FWFMPQFS ˞
  8. 1MBUGPSN*OUFHSBUJPO r *OUSPEVDUJPOUPUIF1SJWBUF$MPVE BOEXJMMFYQBOEGVSUIFS /FYUHFOFSBUJPOQSJWBUFDMPVEQMBUGPSNJOUFHSBUJOHUIFFYJTUJOHDMPVETFSWJDFTPG-*/&BOE:BIPP+"1"/ &OIBODJOHGVODUJPOBMJUZ QFSGPSNBODF BOETFDVSJUZ 'MBWB 1.

    71$ %/4 /"5 7. -# .Z42- 3FEJT 'VODUJPOT -PDBM$%/ "QQ3VOOFS ;"1 .POHP%# 0QFO4FBSDI (MPCBM$%/ )JHIQFSGPSNBODF PCKFDUTUPSBHF DFQI #MPDLTUPSBHF 4IBSFEGJMFTUPSBHF $POUBJOFSSFHJTUSZ $BTTBOESB 'SBDUBM%# -PXDPTUPCKFDU TUPSBHF ESBHPO /FU"QQTUPSBHF "VUIFOUJDBUJPO "UIFO[ -QSPYZ
  9. 1MBUGPSN*OUFHSBUJPO r *OUSPEVDUJPOUPUIF1SJWBUF$MPVE 4JHOJGJDBOUJNQSPWFNFOUJO7.TQFDJGJDBUJPOT 'MBWB  1FSGPSNBODF"TQFDU $16 .FNPSZ %JTL

       0QUJNJ[BUJPOTVDDFTTMFEUP BQQSPYJNQSPWFNFOU JOTJOHMFQSPDFTTQFSGPSNBODF *NQSPWFEDPNQBSFEUPUIFFYJTUJOH FOWJSPONFOU  CVUTMJHIUMZJOGFSJPSUPQVCMJDDMPVE 4FTTJPOɿ 'MBWB7.1FSGPSNBODF4IBSF 1VCMJD $MPVE 1VCMJD $MPVE 1VCMJD $MPVE
  10. 1MBUGPSN*OUFHSBUJPO r *OUSPEVDUJPOUPUIF1SJWBUF$MPVE 'MBWB r 4FDVSJUZ"TQFDU 4FTTJPOɿ 'MBWB4FDVSF()JHIFTU4FDVSJUZ$MPVE 71$ 71$

    71$ 71$ 71$ 71$ %FGBVMU 4FDSFU 5PQ4FDSFU l Less sensitive information l 6TFS`TOBNF l 1FSTPOBM*% FUD l 4FOTJUJWFDSFEJUDBSEJOGP l 6TFSQBTTXPSE FUD /FUXPSL JTPMBUJPO /FUXPSL JTPMBUJPO l 4FDVSFMZDPOGJHVSFBOEPQFSBUF TFDVSFFOWJSPONFOUT BDDPSEJOHUPUIFTFDVSJUZMFWFMPG TFSWJDFJOGPSNBUJPO l *OUSPEVDUJPOPG71$FOBCMFT GJOFHSBJOFEBDDFTTDPOUSPMGPS FBDITFSWJDF 1SPUFDUPVSVTFST`WBMVBCMF*OGPSNBUJPO
  11. 1MBUGPSN*OUFHSBUJPO r *OUSPEVDUJPOUPUIF1SJWBUF$MPVE 'MBWB4DIFEVMF 5FDI7FSTF'MBWB ': ': ʙ ': %FWFMPQNFOU

    2 2 2 2 'MBWBSFMFBTFDPNQMFUFE 4UBSUFEVTJOH'MBWBJOTPNFQSPKFDUT ʢ04ɺ-:.*91SPEVDU FUDʣ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
  12. 1MBUGPSN*OUFHSBUJPO r *OUSPEVDUJPOUPUIF%BUB1MBUGPSN 4USFOHUIT BOE$IBMMFOHFT "DSPTT5XP%BUB1MBUGPSNT BOEXJMMFYQBOEGVSUIFS .BOBHFE%BUB$BUBMPH $FOUSBMJ[FE.-0QT *DFCFSH

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
  13. 1MBUGPSN*OUFHSBUJPO r *OUSPEVDUJPOUPUIF%BUB1MBUGPSN %BUB.-1MBUGPSN %BUB.BOBHFNFOU %BUB*OGSB %BUB5PPMT %BUB1SPEVDU .-1MBUGPSN %BUB$BUBMPH

    %BUBMBLF%8)※ %BUBMBLF%8) %BUB1SPEVDUT  %BUB1SPEVDUT .-1JQFMJOF "#5FTU .-1JQFMJOF "#5FTU "OBMZUJDT5PPMT .BSLFUJOH4PMVUJPO #*5PPMT "OBMZUJDT5PPMT .BSLFUJOH4PMVUJPO #*5PPMT %BUB$BUBMPH ü  UBCMFTEBUBTFUT ü   $16DPSFT ü 1FUBCZUFT ü   UBCMFTEBUBTFUT ü   $16DPSFT ü 1FUBCZUFT ※ %8)%BUB8BSFIPVTF
  14. 1MBUGPSN*OUFHSBUJPO r *OUSPEVDUJPOUPUIF%BUB1MBUGPSN %BUB.-1MBUGPSN %BUB.BOBHFNFOU %BUB*OGSB %BUB5PPMT %BUB1SPEVDU .-1MBUGPSN %BUB$BUBMPH

    %BUBMBLF%8) %BUBMBLF%8) %BUB1SPEVDUT  %BUB1SPEVDUT .-1JQFMJOF "#5FTU .-1JQFMJOF "#5FTU "OBMZUJDT5PPMT .BSLFUJOH4PMVUJPO #*5PPMT "OBMZUJDT5PPMT .BSLFUJOH4PMVUJPO #*5PPMT %BUB$BUBMPH ü  UBCMFTEBUBTFUT ü   $16DPSFT ü 1FUBCZUFT ü   UBCMFTEBUBTFUT ü   $16DPSFT ü 1FUBCZUFT %BUB$BUBMPH $SPTT %BUB1SPEVDUT "OBMZUJDT5PPMT .BSLFUJOH4PMVUJPO #*5PPMT .-1JQFMJOF "#5FTU 6OJGJFE.-1MBUGPSN 6OJGJFE%8) %BUBMBLF%8) ü   UBCMFTEBUBTFUT ü  $16DPSFT ü 1FUBCZUFT
  15. 1MBUGPSN*OUFHSBUJPO r *OUSPEVDUJPOUPUIF%BUB1MBUGPSN %BUB.-1MBUGPSN %BUB.BOBHFNFOU %BUB*OGSB %BUB5PPMT %BUB1SPEVDU .-1MBUGPSN %BUB$BUBMPH

    $SPTT %BUB1SPEVDUT "OBMZUJDT5PPMT .BSLFUJOH4PMVUJPO #*5PPMT .-1JQFMJOF "#5FTU 6OJGJFE.-1MBUGPSN 6OJGJFE%8) %BUBMBLF%8) ü   UBCMFTEBUBTFUT ü  $16DPSFT ü 1FUBCZUFT
  16. 1MBUGPSN*OUFHSBUJPO r *OUSPEVDUJPOUPUIF%BUB1MBUGPSN 4FDVSFBOE3PCVTU%BUB1MBUGPSN "*QPXFSFE%BUB.BOBHFNFOU &OIBODFE "DDFTT$POUSPM 6OJGJFE%BUB8PSLGMPX .PSF4DBMFBOE&MBTUJDJUZ 7JTVBMJ[FEBOE0QUJNJ[FE

    $PTU4USVDUVSF 4FBNMFTT%BUB&YDIBOHF 'MFYJCMF*%$POWFSTJPO %BUB.BOBHFNFOU %BUB*OGSB %BUB5PPMT %BUB1SPEVDU .-1MBUGPSN %BUB$BUBMPH $SPTT %BUB1SPEVDUT "OBMZUJDT5PPMT .BSLFUJOH4PMVUJPO #*5PPMT .-1JQFMJOF "#5FTU 6OJGJFE.-1MBUGPSN 6OJGJFE%8) %BUBMBLF%8) #VJMEJOHBO*OEVTUSZ-FBEJOH%BUB1MBUGPSN ü   UBCMFTEBUBTFUT ü  $16DPSFT ü 1FUBCZUFT
  17. 1MBUGPSN*OUFHSBUJPO r *OUSPEVDUJPOUPUIF%BUB1MBUGPSN 6OJGJFE6TFS&YQFSJFODF 7BSJPVT%BUB1SPEVDUTTVDIBT7FDUPS'FBUVSF1FSTPOBM &GGJDJFOU%BUB1SPEVDUJPO 6OJGJFE6TFS&YQFSJFODFT 4BGF%BUB6UJMJ[BUJPO %BUB.BOBHFNFOU %BUB*OGSB

    %BUB5PPMT %BUB1SPEVDU .-1MBUGPSN %BUB$BUBMPH $SPTT %BUB1SPEVDUT "OBMZUJDT5PPMT .BSLFUJOH4PMVUJPO #*5PPMT .-1JQFMJOF "#5FTU 6OJGJFE.-1MBUGPSN 6OJGJFE%8) %BUBMBLF%8) 4IBSFE%BUB$VMUVSFBDSPTT-:(SPVQ ü   UBCMFTEBUBTFUT ü  $16DPSFT ü 1FUBCZUFT
  18. 1MBUGPSN*OUFHSBUJPO r *OUSPEVDUJPOUPUIF%BUB1MBUGPSN 'SPN*OUFHSBUJPOUP*OOPWBUJPO %BUB.BOBHFNFOU %BUB*OGSB %BUB5PPMT %BUB1SPEVDU .-1MBUGPSN %BUB$BUBMPH

    $SPTT %BUB1SPEVDUT "OBMZUJDT5PPMT .BSLFUJOH4PMVUJPO #*5PPMT .-1JQFMJOF "#5FTU 6OJGJFE.-1MBUGPSN 6OJGJFE%8) %BUBMBLF%8) "EPQU"VUP.- $PODFQUT #VJME3FBMUJNF.-1JQFMJOFT 'PVOEBUJPOBM.PEFMT*ODMVEJOH$SPTT7FDUPST BOE$POUFOU%BUB 6OJUFE.PNFOUVN 6OMJNJUFE1PTTJCJMJUJFT ü   UBCMFTEBUBTFUT ü  $16DPSFT ü 1FUBCZUFT
  19. 1MBUGPSN*OUFHSBUJPO r *OUSPEVDUJPOUPUIF%BUB1MBUGPSN 4OPXCBMMPG%BUB6UJMJ[BUJPO %BUB6UJMJ[BUJPO #VTJOFTT *NQBDU #BUDI1JQFMJOF PG-*/& #BUDI1JQFMJOFPG:BIPP+"1"/

    #BUDI1JQFMJOFPG-*/&BOE:BIPP+"1"/ 3FBMUJNF1JQFMJOFPG :BIPP+"1"/ 3FBMUJNF1JQFMJOFPG -*/&BOE:BIPP+"1"/ 3FBMUJNF1JQFMJOFPG-*/&
  20. 1MBUGPSN*OUFHSBUJPO r *OUSPEVDUJPOUPUIF%BUB1MBUGPSN 5FDI7FSTF  %BUB 1MBUGPSN 4FTTJPOT  :BNMB"3VTU#BTFE.BDIJOF-FBSOJOH1MBUGPSN1VSTVJOH3FBM5JNF$BQBCJMJUJFT

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
  21. 1MBUGPSN*OUFHSBUJPO r 2VBMJUZ*OJUJBUJWFT 4ZTUFNUP&OTVSF2VBMJUZ $%/ $BUFHPSZ #VTJOFTT1SPDFTTJOH6OJU $MPVE1' %$ %FW0QT

    /8 %BUB1' .FEJB1' *BB4 $BB4 $BTTBOESB /8ˍ"1* 0SBDMF .POJUPSJOH 4QMVOL %FW0QT 1BB4 0CKFDU4UPSBHF $PTU6TBHF 4-" /14 %$ 3FOUBM%$ 1SPEVDUJPO4FSWJDF/8 (SJE 1IPUPO$ZBO .VPO #MVF *OGPSNBUJPO6OJWFSTF %BUB8BSF)PVTF *6)BEPPQ .FEJB1' *6,T -*/&.FTTBHJOH 1MBUGPSN %FMJWFSZ4USFBN %FWFMPQFS 1SPEVDU1MBUGPSN .FTTBHJOH 1' l$PTU6TBHF *TUIFJOWFTUNFOU FGGJDJFODZTPVOE l4-" *TUIFQSPEVDUNFFUJOHUIF BHSFFERVBMJUZBOE TUBOEBSET l/14 *TUIFQSPEVDUBDDFQUFECZ VTFST 4-"4FSWJDFMFWFMBHSFFNFOU /14/FUQSPNPUFSTDPSF
  22. "*4USBUFHZ &WPMVUJPO JOUP BO "*$PNQBOZ Existing Operations Existing Operations Generative

    AI /FX$IBMMFOHF "* "HFOUT  5SBOTGPSNJOHBMM TFSWJDFTJOUP "*BHFOUT 4JHOJGJDBOU FOIBODFNFOU PG QSPEVDUJWJUZ 
  23. "*4USBUFHZ r "*"HFOU5SBOTGPSNBUJPO "*"HFOU 6TFS 3FGFSFODF%BUB 1FSTPOBM"HFOU -:$PSQPSBUJPO"*"HFOU %PNBJO"HFOU 'VODUJPOBM"HFOU

    .FEJB -PDBM 5SBWFM $PNNFSDF .FTTFOHFS .FEJB3FTFBSDI 5SFOE4FBSDI (VJEF.BQ 3FTFSWBUJPO 3FTFSWBUJPO 5SBWFM*OGPSNBUJPO 1SPEVDU4FBSDI $BUFHPSZ.BTUFS $IBSBDUFS 4DIFEVMF #VTJOFTT 4QPSUT 4/4 7JEFP4IBSJOH1MBUGPSN 4IJCVZB (JO[B 8FC 3FTFSWBUJPO "* $BMM *LLZV :BIPP5SBWFM 4BQQPSP 0LJOBXB :BIPP4IPQQJOH :BIPP'MFB.BSLFU -JRVFVS )PNF"QQMJBODFT *NBHF(FOFSBUJPO 7PJDF(FOFSBUJPO $BMFOEBS (SPVQ5BML 4UPSF5PVDIQPJOUT $POUFOUT &YUFSOBM%BUB 5FOTPG.JMMJPOTPG "HFOUT PayPay
  24. "*4USBUFHZ 1SPEVDUJWJUZ&OIBODFNFOU $BTF$VTUPNFS4VQQPSU   FNBJMJORVJSJFTNPOUI )VNBO3FTPVSDF %FQU 'JOBODF %FQU

    -FHBM %FQU .BOBHFNFOU %FQU $50 $PNNFSDF $PNQBOZ .FEJB $PNQBOZ ɾɾɾ -*/& $10 ɾɾɾ  SFTPMVUJPOSBUF XJUIUIFJOJUJBMSFTQPOTF ˞BTPG.BSDI
  25. "*4USBUFHZ 1SPEVDUJWJUZ&OIBODFNFOU 6UJMJ[JOH4FFL"*UPPCUBJOPQUJNBMBOTXFSTSFMBUFEUPJOGPSNBUJPOBOEPQFSBUJPOTBDSPTTUIFFOUJSFDPNQBOZ $BTF4FFL"* ˞'SPNUIFXFFLMZSFQPSUPG 5PUBM4FFL"* BQQT ˞ "QQ 4FFL"*

    3"(1MBUGPSN "QQ "QQ "QQ "QQ ʜ ʜ ʜ )VNBO3FTPVSDF %FQU 'JOBODF %FQU -FHBM %FQU .BOBHFNFOU %FQU $50 $PNNFSDF $PNQBOZ .FEJB $PNQBOZ ɾɾɾ -*/& $10 ɾɾɾ
  26. "*4USBUFHZ 1SPEVDUJWJUZ&OIBODFNFOU $SFBUJPOBOE6UJMJ[BUJPOPG&OUFSQSJTF*5"HFOUT $SFBUF"HFOU 6UJMJ[F"HFOU $IBU(15 &OUFSQSJTF  (PPHMF 8PSLTQBDF(FNJOJ

    &OUFSQSJTF*5 "HFOU (15T"HFOU TQBDF "HFOU8PSLGMPX%FTJHO1MBUGPSN "HFOU )VNBO3FTPVSDF %FQU 'JOBODF %FQU -FHBM %FQU .BOBHFNFOU %FQU $50 $PNNFSDF $PNQBOZ .FEJB $PNQBOZ ɾɾɾ -*/& $10 ɾɾɾ "HFOU "HFOU "HFOU "HFOU "HFOU
  27. "*4USBUFHZ 1SPEVDUJWJUZ&OIBODFNFOU "SL%FWFMPQFS"SDIJUFDUVSF 6*UP$PEF %PDT $PEF"TTJTU $PEF3FWJFX "VUP5FTU 2"4VQQPSU --.1SPWJEFS

    ü 0QFO"* ü (PPHMF ü .JDSPTPGUFUD 3"( *OUFSOBM,OPXMFEHF ü (JU)VC ü $POGMVFODF ü *ODJEFOUSFQPSUTFUD 4FDVSFMZVTFUIFTZTUFNUIPSPVHIBO &OUFSQSJTF"HSFFNFOU 4PMVUJPOTVTF BOETIBSF3"( .$1 -FWFSBHFJOUFSOBMLOPXMFEHF UPJNQSPWFRVBMJUZ 6TFPQUJNBMTPMVUJPOTJOUIF EFWFMPQNFOUQSPDFTT "QQMZJOUFSOBMHPWFSOBODF #FOFGJUTPGVTJOH"SL %FWFMPQFS
  28. "*4USBUFHZ 1SPEVDUJWJUZ&OIBODFNFOU "DIJFWFNFOUTTPGBS $PEF "TTJTU %PDT "VUP 5FTU 2" 4VQQPSU

    $PEF 3FWJFX --.FWBMVBUFE QBTTSBUJP Q 5FTUDPWFSBHF  1FSTQFDUJWF FYUSBDUJPOSBUF  /VNCFSPGDPSSFDUJPO SFRVFTUT   DBTFTEBZ /VNCFSPGSFWJFXT   DPNNFOUTEBZ $PSSFDUBOTXFS SBUF  8SJUJOHBOESFWJFX UJNFQFS"1*  5JDLFUDPOTVNQUJPO SBUF  $PSSFDUBOTXFSSBUF  5JNFPQUJNJ[FE 
  29. "*4USBUFHZ &WPMVUJPO JOUP BO "*$PNQBOZ Existing Operations Existing Operations Generative

    AI /FX$IBMMFOHF "* "HFOUT  5SBOTGPSNJOHBMM TFSWJDFTJOUP "*BHFOUT 4JHOJGJDBOU FOIBODFNFOU PG QSPEVDUJWJUZ 
  30. "*4USBUFHZ 3FTQPOTJCMF "* /BUJPOBM (VJEFMJOFT 3BQJEMZ&WPMWJOH %JTDVTTJPOTPO"* 3FHVMBUJPO 4FDVSJUZ "*&UIJDT

    (PWFSOBODF &9 1&354 1SJWBDZ %FWFMPQNFOUPG 4BGFBOE4FDVSF "*"HFOUT 4PDJBM%ZOBNJDT -BX