SoftBank Vision Fund invests $1 billion in Chinese Sense Time Group

SoftBank Vision Fund, created by the Japanese corporation SoftBank Group, and the Chinese group Sense Time are working on the terms of the deal on the Japanese fund's acquisition of a stake in the world's most expensive startup engaged in artificial intelligence, writes, citing Bloomberg. According to Bloomberg, referring to informed sources, SoftBank Vision Fund intends to invest about $1 billion in Sense Time Group, which develops a face recognition system, contributing to the extensive surveillance system in China. The deal will allow SoftBank to join the list of the largest companies in the field of technology and investments that supported the Chinese start-up.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong