Updated: Aug 15, 2019
"Vision Fund 2 is targeted to be more than five times the $20 billion raised by privately backed AI companies globally in 2018
Masayoshi Son’s SoftBank has defied venture-capital norms by writing checks for billions of dollars in quick succession." "SoftBank Group Corp. 9984 -2.72% ’s plans for a second technology megafund focused on artificial-intelligence startups is poised to flood an already-hyped sector with more cash as skepticism mounts about investor exuberance for such companies. At a targeted $108 billion, Vision Fund 2 would be more than five times the total dollar amount that privately backed AI companies raised from all investors globally last year, when equity investment hit a record $20 billion, according to data firm CB Insights. The average deal size for AI startups almost tripled from 2013 to 2018..."