Search results for SoftBank Vision Fund
AI & Enterprise
SBVA hires two new venture partners
SBVA said on Wednesday it has hired Chris Lee (이지행), a former partner, and Kaz Yoshimaru (카즈 요시마루), a former director, as venture partners. The company said the hires, both former SoftBank Vision Fund investment professionals, will further strengthen its global investment capabilities. SBVA said it plans to actively support overseas market entry and business expansion for its portfolio companies.
Industry
Helion raises $465 million, accelerates goal to supply fusion power to Microsoft by 2028
U.S. fusion startup Helion Energy raised $465 million in new funding, valuing the company at $15.5 billion. Helion said it will use the money to accelerate construction of its first commercial power plant, the Orion project planned in Washington state, and aims to supply fusion electricity to the grid as early as 2028. The company has a power supply contract with Microsoft for its data centres and says it plans to deliver by 2028.
AI & Enterprise
Chinese AI firms step up push as Korea sovereign foundation model drive enters new phase
Chinese tech firms are accelerating expansion in the AI market, with Baidu’s Ernie Assistant topping 200 million monthly active users and Kuaishou’s Kling AI reporting 12 million users and more than $20 million in monthly revenue. Alibaba unveiled a major update to its Qwen app. Startups also pressed ahead, including DeepSeek and Moonshot AI. In South Korea, a government-led foundation model project advanced three teams to the next stage and plans an additional selection.
