SoftBank's AI-Focused Vision Fund 2 May Actually Be Dangerous for AI

Common sense tells us that when something grows too fast, it's usually not a good thing. And that's exactly what the bubbly space of artificial intelligence looks like right now. In the past five years, the number of privately-owned AI companies that received venture capital funding have grown more than 500%, and the average funding size has almost tripled. And despite industry insiders' repeated warning of a forming "AI bubble," the frontrunners in this cash-pumping game have shown no signs of slowing down. SEE ALSO: What Microsoft's $1 Billion Investment in OpenAI Could Achieve Last month, Japanese investment powerhouse SoftBank Group, which turned Silicon Valley upside down in 2017 and 2018 with its $100 billion Vision Fund, announced that it was ready to launch a second Vision Fund and already had $108 billion secured from upstream investors.