Softbank's Plan to Sponsor Mass Automation
With the attention that companies are now giving to robots and automation, Son’s prediction may actually have some grain of reality. If a home has as much as three robots for different tasks, you can imagine how fast the population of robots will rise compared to that of humans which needs about 9 months to increase the number of people in a family.
Softbank invested $100 billion last here in a project it called the Softbank Vision Fund, the project will be having AI and IoT as its primary focus, and it will be way larger than any amount that has ever been invested cumulatively in other venture funds.
Softbank purchased UK chipset designer ARM Holdings for a whopping $32 billion, and interestingly, the chips have been touted to be in 99% of smartphones, and the company plans to have it in over 80% of IoT devices.