GSMArena.com - Latest articles: SoftBank announces second Vision Fund with focus on AI advancements

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SoftBank announces second Vision Fund with focus on AI advancements Jul 26th 2019, 21:00 Japanese conglomerate SoftBank announced the launch of its Vision Fund 2 with the help of Apple, Microsoft, Foxconn and several financial institutions. The aim of the private investment fund is to continue the development of AI-based advancements in perspective start-up companies which could one day result in products used by millions of consumers across the world. According to its press release, the Japanese firm is planning to invest north of $38 billion while the combined first-round of funding from its partners is expected to reach $108 billion. Apple, Foxconn, Microsoft as...

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