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News Link • Robots and Artificial Intelligence

Japanese Billionaire is creating a $100 billion investment fund...


"I really believe this," he said at a keynote speech at the Mobile World Congress in Barcelona on Monday. The growth in computer ability was "why I acquired ARM," he said.

This is more than idle talk for Japan's second-richest man. SoftBank's recent deals include the $32 billion acquisition of ARM Holdings Plc, the chip designer that Son believes will play a key role in the development of artificial intelligence, and a $1.2 billion group-led investment in satellite startup OneWeb Ltd. The Japanese telecoms and Internet company is also in the process of creating a $100 billion Vision Fund with Saudi Arabia and other backers that would make Son one of the world's biggest technology investors.

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