Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

admin
Pinned January 24, 2017

<> Embed

@  Email

Report

Uploaded by user
$1
Apple’s investing $1 billion in Softbank’s Vision Fund
<> Embed @  Email Report

Apple’s investing $1 billion in Softbank’s Vision Fund

Sean Buckley, @seaniccus

January 04, 2017
 

Reuters

At best, most consumers know Softbank as the Japanese phone carrier that owns Sprint — but the company is much bigger than that. Softbank has its hands in robotics, smart vehicles, processors and more. It even invests in other companies, and recently set up the Softbank Vision Fund with the goal of pouring billions of dollars into promising start ups. Now that fund is getting another investor: Apple.

According to the Wall Street Journal, Apple has pledged to invest $1 billion in Softbank’s Vision Fund. “We believe their new fund will speed the development of technologies which may be strategically important to Apple,” spokeswoman Krisitn Huguet said. Softbank is expected to use the find to invest in smart objects, and IoT connected projects — an area Apple has mostly stayed away from.

It’s a good way for Apple to grab some stake in an area of technology it’s otherwise left alone, but don’t expect a lot more contributions from the company. When Tim Cook first commented on Softbank’s fund back in July, he noted an investment might be incoming, but that it won’t be “something that you’ll see a whole string of from us.”

(23)