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Aya Lin · · 1 min readIn brief: SoftBank to launch second AI fund of more than $55m
- SoftBank Group Corp.‘s early-stage venture capital arm is setting up a second investment fund dedicated to unearthing promising startups in AI, propelling founder Masayoshi Son’s ambition of staking out a position in the nascent technology, Bloomberg reports.
- Deepcore Inc., SoftBank’s startup incubation business, is preparing to form a new AI investment fund in 2-3 years as it expands its core startup incubation business, CEO Katsumasa Niki said.
- Deepcore’s second fund will surpass the 6 billion yen (US$55 million) raised for the first, Niki said without elaborating.
Editing by Dante Gagelonia
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