TOKYO (Reuters) - SoftBank Group Corp <9984.T> announced on Friday a second Vision Fund aimed at investing in AI technology, saying it had secured memoranda of understandings (MOUs) for about $108 billion from companies including Apple
SoftBank Group itself plans to invest $38 billion in the fund, it said in a statement. Other companies expected to participate in the fund include Foxconn Technology Group, Mizuho Bank, Sumitomo Mitsui Banking Corp, and MUFG Bank Ltd, the company said.
(Reporting by Chang-Ran Kim; Editing by David Dolan)
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Updated Date: Jul 26, 2019 06:05:08 IST