Sohn Jung-soo, president of Softbank, said on May 9, “We will announce the vision fund 2 soon.” The scale will be similar to the $ 1 billion Vision Fund 1.
He said that Vision Fund 2 will be the same size as 1, and that most of the existing investors are showing a strong interest in Vision Fund 2. He said that many investors from around the world will announce their intention to participate in Vision Fund 2 and will start soon. The way that Softbank makes 100% directly is where other investors add up.
He also emphasized the importance of AI. Son said that the Internet industry is innovating in the advertising and retail sectors, but advertising accounts for only 1% of the US GDP and consumer distribution is at 6%, but seven of the top 10 IT companies in the world are occupied. The role of innovating the rest is explained by AI. Son said that the total market capitalization of Internet companies is proportional to the Internet traffic, and that the Internet traffic did not fall from the previous year. However, in the future, AI traffic growth will be proportional to the market capitalization of AI companies, and Vision Fund 2 will also be actively investing in this field.