Saudi Arabia’s PIF, which chipped in $45b for the first fund, was not mentioned in the announcement Friday.
Masayoshi Son likes to sketch out a grand vision for the future of AI. On SoftBank's annual conference, he let his proteges and startups speak for the
Building up Uber Eats could be the company’s best chance, for now, to capture revenue in the world’s third-largest economy.
Six of the country’s 10 biggest salary packages last fiscal year were offered by SoftBank.
The value of SoftBank’s investment portfolio could grow 33-fold to 200 trillion yen ($1.8 trillion) in 20 years, he said.
Japan’s Line Corp has been investing heavily into fintech operations.
The fund is discussing the loan with banks including Goldman Sachs.
For Son, AI became a major topic in 2016, after SoftBank’s $32 billion acquisition of chipmaker ARM.
IPOs & Markets
On Tuesday, the Tokyo-based company’s shares fell as much as 6.4%, the biggest intraday decline since Dec. 25.
The day after Masayoshi Son’s earnings presentation, SoftBank slid 5.4% and fell again on Monday, as dropping as much as 4.9%.
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