Live Updates: COVID-19 Cases
  • World 18,254,455
    World
    Confirmed: 18,254,455
    Active: 6,104,229
    Recovered: 11,457,077
    Death: 693,149
  • USA 4,813,800
    USA
    Confirmed: 4,813,800
    Active: 2,275,067
    Recovered: 2,380,366
    Death: 158,367
  • Brazil 2,733,677
    Brazil
    Confirmed: 2,733,677
    Active: 755,496
    Recovered: 1,884,051
    Death: 94,130
  • India 1,808,128
    India
    Confirmed: 1,808,128
    Active: 581,277
    Recovered: 1,188,650
    Death: 38,201
  • Russia 856,264
    Russia
    Confirmed: 856,264
    Active: 188,464
    Recovered: 653,593
    Death: 14,207
  • South Africa 511,485
    South Africa
    Confirmed: 511,485
    Active: 155,892
    Recovered: 347,227
    Death: 8,366
  • Mexico 439,046
    Mexico
    Confirmed: 439,046
    Active: 101,906
    Recovered: 289,394
    Death: 47,746
  • Peru 428,850
    Peru
    Confirmed: 428,850
    Active: 115,049
    Recovered: 294,187
    Death: 19,614
  • Chile 359,731
    Chile
    Confirmed: 359,731
    Active: 17,712
    Recovered: 332,411
    Death: 9,608
  • Spain 335,602
    Spain
    Confirmed: 335,602
    Active: 307,157
    Recovered: ?
    Death: 28,445
  • Iran 309,437
    Iran
    Confirmed: 309,437
    Active: 24,145
    Recovered: 268,102
    Death: 17,190
  • UK 304,695
    UK
    Confirmed: 304,695
    Active: 258,494
    Recovered: ?
    Death: 46,201
  • Pakistan 280,029
    Pakistan
    Confirmed: 280,029
    Active: 25,172
    Recovered: 248,873
    Death: 5,984
  • Saudi Arabia 278,835
    Saudi Arabia
    Confirmed: 278,835
    Active: 35,837
    Recovered: 240,081
    Death: 2,917
  • Italy 248,070
    Italy
    Confirmed: 248,070
    Active: 12,456
    Recovered: 200,460
    Death: 35,154
  • Bangladesh 242,102
    Bangladesh
    Confirmed: 242,102
    Active: 101,013
    Recovered: 137,905
    Death: 3,184
  • Turkey 232,856
    Turkey
    Confirmed: 232,856
    Active: 10,634
    Recovered: 216,494
    Death: 5,728
  • Germany 211,462
    Germany
    Confirmed: 211,462
    Active: 8,636
    Recovered: 193,600
    Death: 9,226
  • France 187,919
    France
    Confirmed: 187,919
    Active: 76,154
    Recovered: 81,500
    Death: 30,265
  • Canada 116,884
    Canada
    Confirmed: 116,884
    Active: 6,365
    Recovered: 101,574
    Death: 8,945
  • China 84,428
    China
    Confirmed: 84,428
    Active: 781
    Recovered: 79,013
    Death: 4,634
  • Netherlands 55,098
    Netherlands
    Confirmed: 55,098
    Active: 48,949
    Recovered: ?
    Death: 6,149
  • Australia 18,318
    Australia
    Confirmed: 18,318
    Active: 7,475
    Recovered: 10,622
    Death: 221
  • S. Korea 14,389
    S. Korea
    Confirmed: 14,389
    Active: 808
    Recovered: 13,280
    Death: 301
  • New Zealand 1,567
    New Zealand
    Confirmed: 1,567
    Active: 27
    Recovered: 1,518
    Death: 22

Leading AI innovation to power the future: SoftBank Fund seeks investment from SenseTime

Author at TechGenyz Investing
SoftBank

The SoftBank Group Corp announced its fresh investment initiative SoftBank Vision Fund for spurting investments in the domain of information technology. The SoftBank Vision Fund aims to invest about a whopping $1 billion in China’s SenseTime Group Ltd. , earning a stake in what is touted to be the world’s most valuable AI (Artificial Intelligence) startup. At the outset, this is quite an impressive step for SoftBank Group as it joins hands with SenseTime, which has reached ‘the forefront of global AI industry development’ with its advanced AI Technologies, as stated on the official website of SoftBank.

As of now, the terms and conditions of the recently launched fund by SoftBank Group Corp., and SenseTime are still in the nascent stage and are subject to change. If reports are to be believed, the company seeks to take its investment drive ahead, and after having raised more than $1.2 billion, has announced two more finance rounds in the near future.

The 4-year-old company SenseTime is all set to etch China as the world leader in AI by 2030, has inspired a host of local startups as per its objective. It creates systems that analyze faces and images on a large scale, contributing to China’s vast surveillance system.

Anticipating the thrust of China’s role in the future of technology, SoftBank has made it one of the central destinations for the Vision Fund raking in about a huge $100 billion pool of money, leading it to become the world’s largest technology investor. The spectrum of investment offered is quite diverse and expansive, including sectors as distinct as robotics, eCommerce ride-hailing, semiconductors and so on which is in line with the broad vision of SoftBank’s founder Masayoshi Son’s vision, which is to invest in an AI and data-oriented future. To this end, SoftBank gave away $32 billion to acquire ARM Holdings Plc, the chip designer company that will have a key role in the development of artificial intelligence in the future, as per Son.

We believe that AI will unlock another era of China-lead global development, and that the R&D and deployment of computer vision and deep learning technologies will redefine human life as we know it and establish a new connection between us and the world at large. Not only will this transform society as a whole, but it will push mankind forward as well. – SenseTime

If the deal goes well, as planned, SoftBank will join some of the biggest names in technology and investment, which is taking things to the next level towards a bright future for the global technology, to say the least.

SenseTime is diversifying itself into exploring driving and augmented reality, and working on a service code-named “Viper” to parse data from thousands of live camera feeds, which it believes will improve mass surveillance like never before.

With this investment drive, SoftBank materializes its objective as stated on the page of SoftBank Investment advisors, which goes: We focus on growing businesses run by disruptive innovators that are seeking to be the foundational platforms of the information revolution.

Career

Subscribe