Softbank-Saudi Tech Fund Now $93 Billion for AI, Robotics, Etc.

Published by , May 22, 2017 11:25 am

(CleanTechnica)  The new Softbank–Saudi tech fund-backed primarily by Japan’s Softbank Group and by the Saudi Arabian sovereign wealth fund-has now raised more than $93 billion for investment in various emerging tech sectors, such as artificial intelligence (AI) development and robotics.
The new fund has said it would seek to buy minority and majority interests in both private and public companies, from emerging businesses to established, multi-billion-dollar firms. It expects to obtain preferred access to long-term investment opportunities worth $100 million or more.

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