SoftBank Group aims to duplicate its $100bn Vision Fund by raising up to $20bn from its roughly 400 employees, offering loans with around 5% interest for a second, AI-focused fund, according to anonymous insiders. CEO Son is set to contribute $15bn, alongside SoftBank's $38bn, while non-binding deals worth $108bn have been made with the likes of Microsoft, Apple and the Kazakhstan government. Analysts noted the fund's bigger-than-usual investment by SoftBank, as well as the increasingly challenging start-up economy.
SoftBank Group aims to duplicate its $100bn Vision Fund by raising up to $20bn from its roughly 400 employees, offering loans with around 5% interest for a second, AI-focused fund, according to anonymous insiders. CEO Masayoshi Son is set to contribute $15bn, alongside SoftBank's $38bn, while non-binding deals worth $108bn have been made with the likes of Microsoft, Apple and the Kazakhstan government. Analysts noted the fund's bigger-than-usual investment by SoftBank, as well as the increasingly challenging start-up economy.