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Dubai – Softbank announced the launch of Vision Fund 2 with the help of Apple, Microsoft, Foxconn and several financial institutions. This investment fund aims to further develop artificial intelligence technology in startups, which may one day create products used by millions of consumers around the world.
According to his press release, the Japanese company plans to invest up to $ 38 billion, while the first round of financing from its partners is expected to reach $ 108 billion.
Apple, Foxconn and Microsoft, as well as many financial institutions, including Standard Chartered Bank, have agreed to sign memorandums of understanding. These contracts are expected to launch the first series of investments, hoping that more advanced technology companies will join them in the coming months.
Going back to 2017, Apple has contributed up to $ 1 billion to the investment fund The Vision Fund Fund 1, which has seen a wide range of investments making a significant contribution to personalized taxi services, Uber and its Chinese competitor Didi Chuxing. According to a report released earlier this year, SoftBank has achieved a 62% return for companies that have contributed to the Fund Vision Fund.
These were the details of SoftBank's story announcing the launch of Fund Vision Fund 2, which focused on artificial intelligence for today. We hope to have provided you with all the necessary details and information.
It should also be noted that the original news has been published and published on the Internet and that the Gulf 365 editorial team has confirmed that it may have been modified and that it has been changed. it had been fully transmitted or quoted. You can read and follow the innovations of this news from its source.
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