The $93 billion SoftBank Vision Fund doesn't appear to be the end of the Japanese company's substantial tech investing. According to Recode, it's planning a second fund that could end up being even larger. CEO Masayoshi Son is supportive of the supplemental investment fund.
While these plans are still early, they've been described as "serious." Son wants to invest in emerging areas like AI and automation so that SoftBank and its partners have a connection to as many rising companies as possible.
SoftBank's second investment pool could be supported by some of its existing partners, such as the sovereign wealth funds of Saudi Arabia and the United Arab Emirates.
The company is still gathering all of its cash for the Vision Fund. It partially closed with $93 billion and details on the final $7 billion haven't been revealed.
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