The University of Tokyo and SoftBank Corp this month announced an agreement to establish the Beyond AI Institute, a new research facility that will gather the world’s best minds and launch programs to develop businesses with research results. The Beyond…
Why Softbank Debacles Will Not Harm Its Vision Statement For Innovation
According to experts, the massive bets of Softbank have played a crucial role in driving innovation at scale for young companies which are usually devoid of capital in the early phase. The startup innovation and the corresponding funding has been…
SoftBank Makes A Move Into AI Startup Funding, Plans to Invest $55M
The 800-pound gorilla in the VC space has made another move towards consolidating its position. SoftBank Group, known for its ambitious Vision Fund, is now setting up another investment fund. Reportedly, this will be dedicated to startups focusing on artificial…
RPA Startup Automation Anywhere Gets $300 Million From SoftBank Vision Fund
Automation Anywhere, a Robotic Process Automation startup, announced that they have raised $300 million from the SoftBank Vision Fund. The funding is subject to regulatory approvals and satisfaction of other customary closing conditions and is an expansion to the company’s…
India’s Friendly Robot Mitra Not Only Greets VIPs On The Stage, But Also Parties Like A Rockstar
Mitra, an indigenous robot developed by Bengaluru-based start-up, walked up to welcome Indian Prime Minister Narendra Modi and Ivanka Trump, First Daughter and advisor to the President of the United States Donald Trump, at the Global Entrepreneurship Summit (GES) opening…
Ola Raises $1.1B In Funding; To Make Investments In AI and ML
Ola, Uber’s biggest rival in India, has raised $1.1 billion from China’s Tencent Holdings Ltd and existing investor SoftBank Group Corp. of Japan. The Bengaluru-based ride-hailing company, which has raised around $4 billion since its founding in 2010, is also…
Softbank’s Pepper The Robot Priest To Perform Buddhist Funeral Rites
SoftBank’s Pepper, a humanoid robot, will chant sutras in a computerised voice while tapping a drum, providing a cheaper alternative to a human Buddhist priest for funerals. The robot was on display on Wednesday at a funeral industry fair, the…