softbank

chinaChina’s giant ultra-high voltage grid is ambitious as its high speed rail

Ultra-high voltage energy grids are needed for efficient power transmission across large distances. A 100 mile (160 km) power line at 765 kilovolt carrying 1000 MW of power can have losses of 1.1% to 0.5%. A 345-kilovolt line carrying the …

china$100 billion Softbank Vision Fund forcing Venture Capital to go bigger

The China New Era Technology Fund is raising 100 billion Chinese yuan ($15 billion) to invest globally in technology companies. The new company with the backing of the Chinese government will be similar to the $100 billion Softbank Vision fund. …

carsSoftbank Vision fund invests $2.25 billion in GM self driving cars

SoftBank Vision Fund will invest $2.25 billion in General Motors Co’s (GM.N) autonomous vehicle unit, Cruise, the companies said on Thursday, announcing a deal that validates the venerable Detroit automaker’s leadership in self-driving cars and sent GM shares up 10 …

energySaudi has $200 billion deal with Softbank for 200 GW of solar by 2030

Saudi Arabia’s crown prince, Mohammed Bin Salman, has signed a memorandum of understanding with Softbank to build 200 GW of solar power by 2030 at a cost of $200 billion. China had built 125 GW of solar power by the …

dwaveD-Wave Quantum systems gets $20 million more in funding and talks to Softbank about hundreds of millions

D-Wave Systems, the leader in quantum computing systems and software, announced that it has met the key conditions to lock in new funding of $20 million. In April 2017, D-Wave closed on the first $30 million tranche of convertible notes …

economySoftbank Vision is to invest a trillion dollars in at least a thousand Unicorns over the next ten years

Softbanks’s CEO Masayoshi Son is creating a mechanism to increase their funding ability from 10 trillion yen to 20 trillion yen to 100 trillion yen. The funds will probably have invested in at least 1,000 companies within 10 years. …