Softbank Corp. will lead an Indian team to Silicon Valley to inspect AI technology, including 20 founders.

According to news in the afternoon of August 28, Beijing time, Softbank Corp. Group will lead a group of Indian start-up founders to Silicon Valley next month to inspect artificial intelligence technology, hoping to inject more artificial intelligence elements into its investment portfolio.

Sumer Juneja, head of investment in Europe, Middle East, Africa and India, Softbank Corp. Vision Fund, said in an interview that the company was helping the companies it invested in adopt artificial intelligence technology and had arranged for the founders of these companies to communicate with the top companies in the field.

Softbank Corp. plans to arrange for up to 20 Indian founders to accompany him. The companies the company has invested in in India include Oyo Hotel, ride-hailing company Ola and takeout platform Swiggy.

Softbank Corp., at the helm of Tuyuan Pexels Masayoshi son, has been active in venture capital, but resumed investment in the second quarter of this year after suspending investment because investors were disappointed with lossmaking startups. The Japanese giant, which has more than $40 billion in cash, is raising more money by preparing for the listing of chip designer Arm.

"We don't want the companies we invest in to miss the wave of artificial intelligence and wait three years before it's too late." "the important factors we consider when investing in a new company are the need to have a first-class technical team and the ability of the industry to use artificial intelligence to improve the efficiency of the business model," Junija said. "

As ChatGPT spreads all over the world, investors are stepping up their support for artificial intelligence companies. Junijia believes that without the rapid use of artificial intelligence technology, a large number of companies in many industries, including SaaS, will become redundant. However, the biggest challenge today is how to make full use of this technology.

"if you join the bureau too late, you will miss the opportunity. If you join the bureau too early, the impact on revenue will be limited. Our role is to help enterprises transform smoothly." He said.

Son founded the Vision Fund in 2017 and has since invested more than $140 billion in start-ups to support the development of new technologies such as artificial intelligence. But many companies, including WeWork, a shared office startup, have suffered plummeting valuations.