WSJ: Apple held talks to invest $1B in SoftBank technology fund

Apple has reportedly held talks about investing up to $1 billion in SoftBank Group’s technology fund, the Wall Street Journal reports. Japanese corporation SoftBank is aiming to raise $100 billion for its SoftBank Vision Fund, and Apple’s investment could enable the Cupertino company to “gain insight on emerging technologies,” the report notes. Sources note nothing has been finalized, and it’s unclear where the talks are at this point.

SoftBank is investing $25 billion of its own money in the fund, which seeks to lead the way in still-emerging technologies such as the Internet of Things, and artificial intelligence. The company was in the news recently for its announced $50 billion investment in the U.S. SoftBank’s CEO, Masayoshi Son, made a public appearance with President-elect Donald Trump.

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