SoftBank and Asian Conglomerates Form $130 Million AI Fund
SoftBank Group from Japan, and conglomerates from South Korea and Thailand, are creating a $130 million fund to invest in AI startups. This fund aims to provide substantial and quick investments to help startups stay competitive. Finalized by August 2024, it involves SK Networks, LG Electronics, Hanwha Financial, and The Edgeof venture capital firm.
SoftBank Group from Japan, along with South Korea's SK Networks, LG Electronics, and Hanwha Financial, have joined forces with a Thai conglomerate to establish a $130 million fund focused on AI startups.
This initiative aims to address the increasing need for substantial and swift investments to keep startups competitive.
The fund, created by the founders of venture capital firm The Edgeof, is expected to be finalized by the end of August 2024.
This initiative aims to address the increasing need for substantial and swift investments to keep startups competitive.
The fund, created by the founders of venture capital firm The Edgeof, is expected to be finalized by the end of August 2024.
