SoftBank’s new AI-focused megafund will flood a market many say is overheated. AI tech has thus far 'overpromised and underdelivered,' says an expert.
SoftBank Group Corp.’s plans for a second technology megafund focused on artificial-intelligence startups is poised to flood an already-hyped sector with more cash as skepticism mounts about investor exuberance for such companies.
At a targeted $108 billion, Vision Fund 2 would be more than five times the total dollar amount that privately backed AI companies raised from all investors globally last year, when equity investment hit a record $20 billion, according to data firm CB Insights. The average deal size for AI startups...
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