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SoftBank preparing sequels to $100bn Vision Fund

Japanese tech giant wants to invest in 1,000 companies in 10 years

SoftBank Group Chairman and CEO Masayoshi Son unveiled plans to set up a series of massive tech investment funds in an interview with The Nikkei.

TOKYO -- SoftBank Group Chairman and CEO Masayoshi Son on Thursday revealed his intention to create another technology investment fund, just months after establishing a roughly $100 billion fund.

The Vision Fund was created to invest mainly in the fields of artificial intelligence and the internet of things, with the promotion of  the information revolution in mind. The second fund, which could be rolled out in the next two to three years, is also expected to invest in up-and-coming AI and IoT companies.

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