SoftBank Group is now increasingly becoming an investment firm, taking stakes in leading tech start-ups from Uber to WeWork through its first Vision Fund, which was largely backed by Saudi Arabia. – AFP pic, July 26, 2019.
JAPAN’S SoftBank Group today announced the successor to its blockbuster Vision Fund, a new US$108-billion vehicle with backing from banks and tech firms that it said would accelerate the “AI revolution”. SoftBank Group itself will plough US$38 billion into the fund, which will also include investments from Apple, Microsoft, Foxconn, a range of Japanese banks, Standard Chartered, and the National Bank of Kazakhstan.
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