CNBC: Tech SoftBank posts blowout quarterly gains at Vision Fund tech arm
CNBC reports: Japanese giant SoftBank logged a 608.5 billion yen ($3.96 billion) gain on its Vision ...
BLOOMBERG reports:
SoftBank Group Corp.’s Vision Fund 2 is investing in US artificial intelligence startup Perplexity AI at a $3 billion valuation, Masayoshi Son’s latest bet on a sector he deems crucial to securing his legacy.
SoftBank will invest between $10 million and $20 million in the firm, which aims to use AI to compete with Alphabet Inc.’s Google search, according to people familiar with the matter. It’s investing as part of a larger $250 million funding round that triples Perplexity’s valuation and makes it one of the industry’s most highly valued companies…
The full post is here.
Comment on this article