Japan’s Softbank, Saudi to invests $93 billion in tech

The world’s largest private equity fund, backed by Japan’s Softbank Group and Saudi Arabia’s main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics. “The next stage of the Information Revolution is under way, and building the businesses that will make […]

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Saudi Arabia, SoftBank invest in tech to grow as mush as $100bn

Saudi Arabia and Japan’s SoftBank Group will create a technology investment fund that could grow as large as $100 billion, making it one of the world’s largest private equity investors and a potential kingpin in the industry. The move is part of a series of dramatic business initiatives launched by Riyadh this year as Saudi […]

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