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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Softbank announced the second $ 108 billion Vision Focused Fund for AI, including Microsoft, Apple, and Foxconn – TechCrunch

Softbank announced the second $ 108 billion Vision Focused Fund for AI, including Microsoft, Apple, and Foxconn – TechCrunch



SoftBank Group announced today that it will release its second Vision Fund, featuring Apple, Foxconn, Microsoft and other technology companies and investors. Named Vision Fund 2, the fund will focus on technologies based on AI. SoftBank said the fund's capital has reached about $ 108 billion, based on memorandums of understanding. SoftBank Group's own investments in the fund will be $ 38 billion.

It is worth noting that Vision Fund's second limited list of limited partners currently does not include participants from the government of Saudi Arabia (close links to the Vision Fund, including Prince Mohammed bin Salman, who was involved in the murder of journalist Jamal Hashogi, understandably, was a major source of concern for investors, companies and human rights observers

other participants, and the total fund size is expected to increase, the full list of participants who have signed memoranda and understanding are: "Apple, Foxconn Technology Group, Microsoft Corporation, Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd., Dai-ichi Life Limited, Sumitomo Mitsui Trust Bank, Limited, SMBC Nikko Securities Inc., Daiwa Securities Group Inc., National Bank of Kazakhstan National Investment Corporation, Standard Chartered Bank and key Taiwan participants. "

SoftBank's intention to launch Vision Fund 2 was first reported earlier this week by the Wall Street Journal. The new fund is expected to reduce SoftBank's dependence on Saudi Arabia's investments and potentially change the relationship between startups, corporate giants such as Microsoft and investors.

Vision's second fund can help SoftBank expand its position as the most influential global investor. With its first 97 billion-dollar vision fund, the giant has invested in dozens of high-ranking companies, including riders traveling with riders, Didi Chengsheng and Grab, and the start-up company for grocery delivery in India ̵

1; Grofers, PayTm and the start-up company Oyo. 19659002] The initial Vision Fund, which was launched in October 2016 and started investing in early 2017, has earned 62% return to date, SoftBank reported last month. Softbank, known for its $ 100 million, and larger-scale, ever-diminishing checks, invested 24 out of 377 unicorns worldwide (companies valued at $ 1 billion or more), according to CB Insights.


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