Not long ago, the Japanese-based company Softbank Group created a fund of direct investments in projects related to the leading AI technologies. The fund has reportedly attracted $93 billion and is the largest fund in the world.
Softbank representatives believe that in order to set up new technological companies and develop revolutionary projects using AI algorithms, enormous investments are needed. That’s why the company started a special fund. It supports the fund jointly with the authorities of Saudi Arabia.
The fund will sponsor promising projects in such spheres as AI technologies, robotics, mobile gadgets, communications infrastructure, computational biology, fintech, etc.
So far, the main investors of the fund are Abu Dhabi Mubadala Investment, Apple, Qualcomm, Sharp Corp and Foxconn.