Deals
SoftBank’s Son Speaks to an Almost Empty Room at Saudi Summit
- Son made no mention about Saudi commitment to Vision Fund 2
- Kingdom committed $45 billion to Softbank’s first fund
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The hall was nearly empty when Masayoshi Son, the chief executive officer of SoftBank Group Corp., took the stage at Saudi Arabia’s biggest and glitziest business forum.
Son was one of four speakers on a panel on how investors and entrepreneurs can advance the movement toward deep tech. Yet, the Japanese billionaire spoke briefly -- mainly about artificial intelligence and entrepreneurship -- and didn’t mention anything about Saudi Arabia’s commitment to his second $100 billion Vision Fund.