TOKYO (Reuters) - SoftBank Group Corp announced on Friday a second Vision Fund aimed at investing in AI technology, saying it had secured memoranda of understandings (MOUs) for about $108 billion from companies including Apple and Microsoft . SoftBank Group itself plans to invest $38 billion in the fund, it said in a statement. Other companies expected to participate in the fund include Foxconn Technology Group, Mizuho Bank, Sumitomo Mitsui Banking Corp, and MUFG Bank Ltd, the company said
The post SoftBank Group announces new $108 billion Vision Fund aimed at AI appeared first on Firstpost.
from Firstpost https://ift.tt/2K38KCt
No comments:
Post a Comment