Apple Confirms $1B Investment in SoftBank's Vision Fund

Discussion in 'Politics, Religion, Social Issues' started by MacRumors, Jan 4, 2017.

  1. MacRumors macrumors bot

    MacRumors

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    Apple today announced that it has invested $1 billion in Japanese company SoftBank's Vision Fund, confirming rumors suggesting the two had held talks back in December.

    The SoftBank Vision Fund, which SoftBank is aiming to launch next year, could be one of the largest tech investment funds in the world. The money will be invested in emerging technologies like artificial intelligence, deep learning, robotics, and connected devices.

    According to Apple spokeswoman Kristin Huguet, who spoke to The Wall Street Journal, the company believes the fund could be strategically important for future developments.
    SoftBank is aiming to raise $100 billion for the fund, with plans to contribute at least $25 billion itself. The Saudi Arabian government is the largest contributor, pledging up to $45 billion.

    SoftBank CEO Masayoshi Son has promised to invest $50 billion of the fund in the United States to create 50,000 jobs in the country, a move that's been praised by President-elect Donald Trump.

    Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

    Article Link: Apple Confirms $1B Investment in SoftBank's Vision Fund
     
  2. Return Zero macrumors 6502a

    Return Zero

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    I wonder if the Saudi Arabian government is hiring... They seem to throw cash at everything.
     
  3. DrewDaHilp1 macrumors 6502a

    DrewDaHilp1

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    That oil is only going to last them so long.
     
  4. 69Mustang macrumors 603

    69Mustang

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    True, but it only matters to those in power right now. Future royals will have to deal with whatever left.
     
  5. DrewDaHilp1 macrumors 6502a

    DrewDaHilp1

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    Well that is seemingly why the current Royals are investing in emerging Tech, to mitigate their collapsing oil economy would have in the future.
     
  6. nt5672 macrumors 68000

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    But no money for a new Mac Pro or a workstation class MBP. Seems about right with Cook in charge. I almost wonder if Cook was chosen because everyone else knew it would be folly to follow Jobs.
     
  7. DaveOP macrumors 65816

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    Can you cite a source that Apple is not making a Mac Pro because they are out of money? Thanks in advance.
     
  8. Mactendo macrumors 68000

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    Hello Cyberdyne Systems...
     
  9. macgabe, Jan 5, 2017
    Last edited: Jan 5, 2017

    macgabe macrumors regular

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    Trump Tax. Worth it to get the eye of Sauron (!) looking elsewhere for a while.
     
  10. rGiskard macrumors 68000

    rGiskard

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    Wow, imagine what a Billion dollars could do for the Mac lineup. Apple could new engineers, introduce new models, even separate macOS into it's own development team with the top OS scientists in the world as they did back in the snow leopard era.

    As Cook would say, it would be magical!
     
  11. DrewDaHilp1 macrumors 6502a

    DrewDaHilp1

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    Apple is far from hurting for money. Any lack of focus on a particular product is the result of leadership and their vision of business not lack of funds.
     
  12. DUCKofD3ATH Suspended

    DUCKofD3ATH

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    It's ironic that Apple is focusing on the Vision Fund, given how closely Cook is resembling John Sculley, who had his own problem with that "vision thing" while leading Apple down into oblivion.
     

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