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…

Original source: https://www.gsmarena.com/softbank_announces_second_vision_fund_with_focus_on_ai_microsoft_and_apple_among_key_investors_-news-38353.php