萝莉视频

wants to see more AI startups succeed, particularly those located in its home base of Japan.

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On Monday, the Tokyo-based conglomerate that its 鈥渆arly-stage venture capital arm is setting up a second investment fund dedicated to unearthing promising startups in artificial intelligence,鈥� according to Bloomberg. And it鈥檚 aiming to raise 鈥渕ore than $55 million鈥� in that fund.

To be clear, this initiative is unrelated to anything the $100 billion is doing. Instead, the fund will be formed through SoftBank鈥檚 AI-focused incubator, , which raised its first fund of about $55 million in 2018.

According to Bloomberg, this new fund will surpass that one in terms of money raised but SoftBank was not more specific. That fund has backed 18 early-stage startups, noted Bloomberg. We wrote about one of those last November when San Francisco-based 聽raised a $29.5 million Series A that included participation from Deepcore. Also just last week, we covered San Jose-based voice commerce company 鈥檚 $2.8 million seed round that also included participation from Deepcore.

According to Bloomberg, Deepcore plans to launch the 鈥渘ew AI investment fund in two to three years as it expands its core startup incubation business.鈥�

鈥淭he company aims to find promising companies and nurture the next generation of up-and-comers, enroute to addressing Japan鈥檚 deficit of global AI firms,鈥� Bloomberg noted.

The publication also on May 21 that SoftBank had recently tapped 鈥渞enowned AI expert and Deepcore-adviser to its board, enlisting a specialist in the field for the first time.鈥�

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