Apple this week confirmed its $1 billion investment in SoftBank Group Corp.’s Vision Fund, increasing SoftBank’s odds to be “the world’s No. 1 robotics company” in service humanoid robots.
In October, Tokyo-based SoftBank announced that it was preparing to establish its Vision Fund for the purpose of making investments in the technology sector globally. In recent weeks, the investment and technology community had speculated that Apple was preparing to make a major investment in the Vision Fund, which it announced on Jan. 6. The relationship between SoftBank and Apple extends back to 2008, when SoftBank made a deal with Apple to become the exclusive iPhone seller in Japan.
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