Apple will invest $1 billion in investment Fund SoftBank
Apple has invested about $1 billion in SoftBank’s Vision Fund, the Fund investment in IT that a Japanese company created jointly with Saudi Arabia. According to The Wall Street Journal, citing the statement of the California Corporation.
In October, Softbank and governmental Fund Saudi Arabia announced the creation of a Fund Vision Fund Softbank capital is approximately $100 billion It will carry out investments in information technology. During the first five years, Softbank will invest in the Fund of $25 billion and Saudi Arabia $45 billion. the Fund will be in the UK and intends to attract investments of other companies.
In December it became known that Apple is in talks with SoftBank about the possibility of investing at least $1 billion This information was confirmed by the “Apple” giant this week.
SoftBank Vision Fund to begin its work next year, it will be the largest investment Fund in the world. It will invest in the creation of new technologies, including the field of artificial intelligence, deep learning, robotics and Internet of things.
Apple representatives noted that the Fund is very important for the company, as it needs to accelerate the development of technology.
The first leadership meeting of the Fund scheduled for 10 January 2017. In addition to Apple’s intentions to invest in the Vision Fund told hardware manufacturers Qualcomm, Foxconn and head of Oracle Larry Ellison.