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AI Is Hot and SoftBank’s New Tech Megafund Offers Cash to Burn

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..."

https://www.wsj.com/articles/ai-is-hot-and-softbanks-new-tech-megafund-will-add-money-to-burn-11565184767?mod=e2fb