ISSUE – Jun. 14 | SoftBank CEO offers glimpse of deal logic with new AI investment

SoftBank Group CEO Masayoshi Son on Thursday said its near $100 billion technology fund is stepping up its investment in U.S. software unicorn Automation Anywhere, in a bid to dominate the future of artificial intelligence by taking on one of the world’s most highly valued AI companies. “We agreed yesterday to increase the amount of investment,” Son said during a conference organized by Automation Anywhere in Tokyo, without specifying a figure.

SoftBank’s Vision Fund invested $300 million into the automation software company last November, four months after Goldman Sachs and others injected $250 million. The company, which last year was valued at close to $2 billion, is  [ asia.nikkei ]

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