SoftBank received $93 billion fund for investments in tech start-ups company
Posted on:22 May 2017 10:19:09
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22 May 2017 Current Affairs:
Japan’s SoftBank Group received $93 billion in cash for its new $100 billion fund for technology firms and start-ups in the US, Europe and Asia, including India.
The SoftBank Vision Fund, include SoftBank, the Public Investment Fund of the Kingdom of Saudi Arabia, Mubadala Investment Co. of the United Arab Emirates, Apple Inc., Foxconn Technology Group, Qualcomm Inc. and Sharp Corp are the major investors for start ups.
The billions invested will be directed towards the tech industry, ranging from companies in artificial intelligence to robotics and cloud technology.
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