Mar 13, 2017 12:30 PM EDT
US President Donald Trump met SoftBank Vision Fund Masayoshi Son just weeks after taking his seat on the presidency to discuss a huge new technology fund and investment. The fund is almost reaching its target of $100 billion and most of the cash, reportedly, comes from the Middle East.
United Arab Emirates' sovereign wealth funds Mubadala announces its plan to contribute as much as $15 billion to the fund. A spokesman for Mubadala says it is the right investment opportunity to take advantage of an inflection point in the next wave of the technological revolution. Saudi Arabia already committed $45 billion from its public investment fund. Deputy Crown Prince Mohammed Bin Salaman is controlling the kingdom's economy.
The SoftBank Vision Fund was announced last October led by Masayoshi Son, who is the billionaire founder and CEO of Softbank. Japan's biggest and well-known telecommunications company has given $25 billion to the fund. Son discussed the matter with Trump in December and vowed to invest $50 billion in the US to help create 50,000 jobs. Media outlets later reported that Son had intended to cut the investment from the Vision Fund.
Trump has claimed credit for the investment. "Masa said he would never do this had we (Trump) not won the election," as per the president's tweet. He criticized rival Hillary Clinton during the election campaign for accepting money from Saudi Arabia for the Clinton Fund.
Meanwhile, billions of dollars of Saudi and UAE government money will pour in US technology firms if Son makes good of his investment pledge. Mubadala adds the deal will be finalized in the next few weeks. Steve Jobs' tech giant is another noteworthy investor in the SoftBank Vision Fund.
Apple has committed to invest $1 billion, which leaves at least $14 billion up for grabs. Qualcomm, which works with Apple, will provide that money but says the amount is confidential and still under discussion.
And the world of NFTs expands far beyond art and collectibles. A new era of tokenized digital assets is being created using the blockchain. Here are seven unique NFT use cases that the interested investor should know.
However, there are some simple steps that anyone can take which will help to improve their performance when it comes to trading foreign exchange markets. Here are ten small things that can make a big difference in your FX trading success.
o prevent significant losses, risk management expertise is essential. His adage, "Rule No. 1: Never lose money," has become a stock market classic. Never forget Rule No. 1; this is Rule No. 2. This practice is followed by even the most successful investor, Warren Buffett, who advises others to follow suit.
One of the significant advancements is shifting the payment operations for remote workers. If the compliances are not met, it may lead to severe legal complications. The owner and organization may be held labially separately. The remote working lifestyle continuously grows and is a testament to becoming an endless working mode. Today we discuss components for payroll for remote workers
BRG International Founder Matias Alem had recognized this fact for a few years. So he remodeled his real estate brokerage into something completely new to solve the problem for his jet-setting international client base.
Ryan Early, hailed as 'Farmer Ryan' among sustainable agriculture experts, is a busy man. He has a laundry list of companies to his name, including Blue-Green Ventures, the company behind the revolutionary product, Blue MagicTM, a non-toxic and eco-sustainable pest preventative product using his patented BiomeMax TM Pheromonal Replication Technology.
Investor, financier, and expert in both cryptocurrencies and blockchain technology, Joy Mbanugo is the go-to in the sector. She has vast experience and knowledge across tax services, auditing, business operations, financial analysis, capital markets, and other specializations.
When Nick Collins was just 14 years old, he started his first business, which included around-the-clock phone calls and numerous questions from his parents. In fact, he began building his stout portfolio in the seventh grade by doing web design, incorporating creative content with brand strategies and plugging in a then-fledgling tech Flash.
Barry Gabster is the founder of InitiateU and is a leading proponent of the marketing mailer revolution, having already taken his company to 10x growth in 2021, alone. In fact, the exponential growth has seen the company rise from $800K-$8.5M just on word-of-mouth referrals.