SoftBank launches USD 108 billion tech fund focused on Artifical Intelligence

In a bid to accelerate the adoption of Artificial Intelligence (AI)-based technology, Japanese conglomerate SoftBank Group on Friday announced the launch of its second Vision Fund with participation from global technology giants like Apple, Microsoft and Foxconn, among others. The new private investment fund’s capital has already reached about USD 108 billion and SoftBank Group’s own investment in the fund will stand at around USD 38 billion, the company said in a statement.