(Softbank founder and CEO Masayoshi Son Masaru)
Netease Technology News July 22 news, according to Bloomberg reports, even in accordance with the standards of the most renowned Japanese investors, Masayoshi Son (Masayoshi Son) is also busy this year. On Thursday, he spent some time in Tokyo explaining how the technologies of the companies he invested in could be integrated together.
In the past six months, Softbank Group has invested in companies in many fields, ranging from taxi services, partnerships and robotics, to agriculture, cancer detection and driverless cars. The 59-year-old Softbank founder and CEO took to SoftBank World to explain the strategies behind the investment transactions and the company’s planned $100 billion technology investment fund. Softbank World Congress is the company's annual customer-facing and supplier-facing event for two days.
In a two-and-a-half hour speech, Sun Zhengyi described the vision for the future: The satellite network covers every inch of land on Earth. One trillion devices connected to the Internet send data to the cloud, which is then analyzed by artificial intelligence. The billionaire said that Softbank and the companies it invests in will participate in this journey.
"I feel very excited," said Sun Yiyi, who was wearing a black suit and a striped shirt with open collar. "It's a waste of time to feel sleep."
The SoftBank Vision Fund has received a total of more than US$93 billion in financing. The funders include Saudi Arabia’s government investment funds, Apple, and other large institutional investors. Softbank itself also invested US$28 billion. The fund will invest in cutting-edge technologies such as virtual reality, driverless cars, and the Internet of Things. At the Softbank World Congress, Sun Zhengyi asked about 10 portfolio companies to introduce themselves.
“Softbank Vision Fund is not trying to conquer the world with a specific technology, business model or brand.†Sun Jung pointed out: “It is about people who share a common vision to start a revolution together.â€
Various portfolio companies staged
Marc Raibert, CEO of robotics firm Boston Dynamics, took the lead. Softbank announced in June that it will acquire the robot maker from its parent company, Alphabet. The terms of the deal were not disclosed and it is not yet clear whether the company will stay under Softbank or be a member of the Softbank Vision Fund.
Mark Dynamics CEO Mark Raybert Shows Spot Mini Robot on Stage
At the conference, Rembert showed one of the company's small robots, the Spot Mini. The quadruped robot jogs around on the stage and can climb or bypass obstacles. It can also pass a can of sparkling water to its creator by extending its claws. The robot uses a stereo camera and a laser rangefinder to locate its position in space.
“Our goal is to create robots that are comparable to humans in human mobility, manipulation agility, perception and intelligence, and even exceed humans,†said Rebate. “That is a long-term goal.â€
Afterwards, Sun Jesseng invited Greg Wyler, the founder of satellite startup OneWeb, to come on stage to demonstrate how this robot will eventually connect to the Internet. The company received US$1.2 billion in investment from Softbank and existing investors in December last year. It is committed to providing affordable high-speed networking services in any corner of the world. The goal is to reach 1 billion users by 2025. According to Wheeler, the Florida-based company will not only link humans but also connect bikes, trains and ships.
Also speaking on the stage were cancer screening startup company Guardant Health and driverless car company Nauto. The former is dedicated to the development of low-cost DNA sequencing technology for early detection of cancer, and the latter is dedicated to the development of driverless car technology through tracking. Drivers act to help reduce traffic accidents.
In addition, two companies have been added to the portfolio of Softbank Vision Fund. The fund led a $200 million investment in Silicon Valley startup Plenty, whose goal is to grow crops in an indoor space with unprecedented efficiency. It also led San Diego’s AI technology developer Brain Corp, which has a $114 million financing facility. The company’s technology allows robots to use visual cues and landmarks to navigate through their environment and avoid encounters with people and obstacles around them.
Non-financial investors
At the Softbank World Congress in previous years, Sun Yiyi shared this stage with Jack Ma, Chairman of Alibaba Group, and Pepper Robot from Softbank. Singularity is a topic of conversation in the General Assembly. Last year, Sun Zhengyi talked about Softbank’s acquisition of chipmaker ARM and its role in bringing advanced artificial intelligence. He predicted that advanced artificial intelligence could be achieved as early as 2018.
"Singularity will surely come, perhaps in the next 30 years," he said. "Given the history of mankind 200,000 years, 30 to 50 years is the margin of error."
Prior to the establishment of the Vision Fund, Sun Zhengyi had already used funds from Softbank's broadband and telecommunications businesses in Japan to invest in foreign companies. He is an early investor in Yahoo and Alibaba. He spent a total of 22 billion U.S. dollars to obtain a majority stake in U.S. telecommunications operator Sprint. He also used ARM's 32 billion U.S. dollars to recoup his financial position last year. This is also the largest deal in his investment career.
On Thursday, Sun Justice also defended his investment performance. His investment in Alibaba has achieved a phenomenal level of success, and the value of Alibaba shares held by Softbank is now worth more than US$100 billion, but he said he is not the kind of “one stroke†investor. Sun Zhengyi pointed out that the internal rate of return of Softbank reached 44%, not including Alibaba, and still reached 42%.
On Friday, speakers at Softbank World Congress will include executives from companies such as WeWork, Microsoft, and Cybereason. (Lebang)
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