SoftBank Plans AI Tour for Founders to Boost Technology Adoption

Next month, a group of Indian startup will go to Silicon Valley with SoftBank Group Corp. as the Japanese investor intensifies attempts to integrate the technology into its portfolio companies.

Sumer Juneja, managing partner in charge of investments at SoftBank’s Vision Fund for Europe, the Middle East, Africa, and India, said in an interview in Mumbai.

That the investor is assisting portfolio companies in implementing AI and has been setting up meetings for the founders it supports with the top players in the field.

Without mentioning any names specifically, he said that SoftBank anticipates taking the majority of the 20 founders from its Indian companies on the visit.

SoftBank Plans AI Tour for Founders

Ola, a ride-hailing company, Oyo Hotels, and Swiggy, a delivery company, are all part of its local portfolio.

Next month, a group of Indian startup will go to Silicon Valley with SoftBank Group Corp. as the Japanese investor intensifies attempts to integrate the technology into its portfolio companies.

Sumer Juneja, managing partner in charge of investments at SoftBank’s Vision Fund for Europe. The Middle East, Africa, and India, said in an interview in Mumbai.

That the investor is assisting portfolio companies in implementing AI and has been setting up. Meetings for the founders it supports with the top players in the field.

Without mentioning any names specifically, he said that SoftBank anticipates taking the majority of the 20 founders from its Indian companies on the visit.

Ola, a ride-hailing company, Oyo Hotels, and Swiggy, a delivery company, are all part of its local portfolio.

According to a story, SoftBank Group Corp.

Will bring a group of Indian startup founders to Silicon Valley next month for an artificial intelligence. Tour as the Japanese investor ramps up efforts to integrate the technology into its portfolio companies.

The investor is assisting portfolio firms in adopting AI. And has been arranging meetings for the founders with the top players in the industry.

According to Sumer Juneja, managing partner handling investments in Europe, the Middle East, Africa, and India at SoftBank’s Vision Fund.

SoftBank, helmed by Masayoshi Son, virtually stop funding startups in the second quarter. As a result of investors’ aversion to losing businesses.

SoftBank Plans AI Tour for Founders

The Japanese business, according to the source, has a cash reserve of more than $40 billion. Currently bringing chip designer Arm Holdings Ltd. public in a deal that will raise further funds.

“We don’t want to finance a business that misses the AI revolution just to become obsolete three years later. In order for us to write new checks.

We must have a highly skilled tech team and operate in a sector. Where AI can be use to further optimize the business model,” Juneja remark.

Nevertheless, he adds, “You are toast if you arrive at the AI party too late, but your revenue won’t be affected if you arrive too early. To make sure the transfer is successful, we are assisting.”