"Professional services represent a multitrillion [dollar] global market, but procurement is mainly still a cumbersome manual process," said Jeffrey Housenbold, a managing partner at SoftBank Investment Advisers, who is joining the board of Globality following the investment. The SoftBank Vision Fund has invested $100m in AI platform Globality, which helps companies find the best services providers for specific projects. In a recent interview with Reuters, Mr Musk said he was “very bullish” on AI, but that it would take time to develop and commercialise it. Globality has raised $172m since its foundation, with investors including former US vice-president Al Gore, former PwC chairman Dennis Nally and Ken Goldman, an ex-CFO at Yahoo. The Globality investment was the first this year for the Vision Fund, which has backing from the Saudi Arabian sovereign wealth fund.
The SoftBank Vision Fund has invested $100m in AI platform Globality, which helps companies find the best services providers for specific projects. In a recent interview with Reuters, Mr Musk said he was “very bullish” on AI, but that it would take time to develop and commercialise it. Globality has raised $172m since its foundation, with investors including former US vice-president Al Gore, former PwC chairman Dennis Nally and Ken Goldman, an ex-CFO at Yahoo. The Globality investment was the first this year for the Vision Fund, which has backing from the Saudi Arabian sovereign wealth fund.