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Hi-Tech / Hardware

SoftBank creates another Fund with a capital of more than $100 billion for investment in AI

3DNews: Novosti Hardware 26.07.2019 at 10:11

3DNews: Novosti Hardware

Few can resist the creation of sequels — even in the world of investment. Japanese conglomerate SoftBank has announced that it plans to create a Fund Vision Fund 2 for the investment associated with artificial intelligence technology, which, in his opinion, will determine the future. Since its founding in 2017 Vision Fund have relied on a number of major new names in technology, including Uber, WeWork, Slack and Bytedance (Chinese owner of the video TikTok). Aggressive approach SoftBank, which often include offers of generous funding startups realization of this grandiose and ambitious ideas, helped to turn the venture capital market and even changed the way entrepreneurs create new technology companies. At the moment, the Vision Fund, estimated at $97 billion according to SoftBank, has returned 62 % of the investment.