Softbank Group Corp. is starting a new fund to invest in artificial intelligence companies.
Investors in Softbank Vision Fund 2 include Apple, Microsoft and Foxconn Technology.
The fund is expected to raise $108 billion, with Softbank contributing $38 billion of that.
The stated objective of the fund is “to facilitate the continued acceleration of the AI revolution through investment in market-leading, tech-enabled growth companies.”
The first Softbank Vision Fund raised close to $100 billion.