SoftBank has made $3 billion from its $100 billion tech fund in 5 months
- SoftBank's $100-billion Vision Fund has already made roughly $3 billion in profit, according to CEO Masayoshi Son.
- The fund has been used to invest in around 15 tech companies, including WeWork, Brain Corp, and Nvidia, in the last five months.
- This first Vision Fund is just the beginning for SoftBank, which plans to invest hundreds of billions of more dollars in tech through future funds.
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The Japanese billionaire recently revealed plans to eventually invest around $880 billion in tech companies through future Vision Funds. He said on Wednesday that the first fund could take up to five years to finish."People say it's too much," he said of the $100 billion war chest, which is unprecedented in size for a tech fund. "I say it's too little."
Son is a firm believer in the concept of the "singularity," which says that artificial intelligence will eventually give way to machines that are smarter than the collective intelligence of all humans. He predicted on Wednesday that 10 billion robots with super intelligence will exist in the world by 2040 - a number he said includes autonomous vehicles being worked on by the likes of Uber and Tesla.He compared the rise of AI and robotics to the immense wealth created by the first internet companies of the early 2000s and said that the coming singularity would create an "even bigger gold rush."
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