SoftBank's massive tech fund bolsters profits thanks to bets on Slack and DoorDash

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SoftBank's massive tech fund bolsters profits thanks to bets on Slack and DoorDash
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SoftBank has shaken up the tech investment landscape in Silicon Valley and beyond.

that it would launch a second mega fund devoted to artificial intelligence companies. The firm said it plans to contribute $38 billion into that fund, while other backers include Apple and Microsoft.

The main Vision Fund is largely anchored by Saudi Arabian money, and this sparked controversy last year following the murder of Saudi journalist Jamal Khashoggi, who had criticized the country's government.that the incident wouldn't shake his ties with the country, claiming the firm has a "responsibility to the people of Saudi Arabia."earlier this year that SoftBank was considering an initial public offering for Vision Fund.

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