Quote from Ndubuisi Ekekwe on July 26, 2019, 1:02 PM

Japan's SoftBank has disclosed that it has secured $108 billion for the second version of the vision fund - Vision Fund II, a late-stage venture capital vehicle whose original $100 billion edition turned Silicon Valley upside down, Axios reports. Investors include Apple and Microsoft.

SoftBank Group announced today that it will launch its second Vision Fund with participation from Apple, Foxconn, Microsoft and other tech companies and investors. Called the Vision Fund 2, the fund will focus on AI-based technology. SoftBank said the fund’s capital has reached about $108 billion, based on memoranda of understandings. SoftBank Group’s own investment in the fund will be $38 billion.