SoftBank Vision Fund raises $93 billion in its first tranche

The Vision Fund would invest in and acquire both listed and technology firms and startups in areas such as Artificial Intelligence, Robotics, among others. An investment panel, including Misra & Masayohi Son, SoftBank chairman and CEO will finalize these bets. The Vision Fund will be deployed for over five years, with an exit timeline of over 10 years. SoftBank said the fund will get the balance $7 billion within six months.

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