Activist Palliser Targets MSG Maker Ajinomoto in AI Hunt

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The AI Race:Ajinomoto’s monosodium glutamate products.Photographer: Behrouz Mehri/AFP/Getty ImagesUK-based activist fund Palliser Capital has expanded its hunt for overlooked AI beneficiaries in Japan with a stake in seasoning maker Ajinomoto Co., according to people familiar with the matter.Palliser has built a position in Ajinomoto within the past six months and is lobbying for the firm to raise prices for its chip insulation products, the people said, asking not to be named as the information is private. Palliser is now among Ajinomoto’s top 25 shareholders, they said.