Softbank shows a willingness to invest in the growing industries of India. The main focus will be robotics and data centers. We will share details about Softbank’s upcoming strategy below. The company is looking for an opportunity with a high potential. It shows a lot about India’s growing markets. As we can see, AI is rising in its potential around the world. Several things are being designed around the industry. Let us have a look at Softbank’s upcoming plan below.
Softbank is interested in the huge potential hidden in the data centers and industrial robotics industry of India. The Japanese company is willing to take a bet on the Industry’s future. They have not taken a major bet for a long time. The reasons can be a wise choice by the CEO. However, the company is now exploring sectors like logistics, robotics, and autonomous driving.
Softbank is among the top Japanese companies that provide mobile and broadband services to users. The company started in 1981 and has been receiving fruitful results since the beginning of it. Softbank is looking for high-speed AI development. Softbank CEO, Masayoshi Son is actively taking part in the innovation. He shares his vision and mentions that AI will become 10 times more powerful than human intelligence in 10 years. It will be 10,000 times more powerful in the next 20 years.
Softbank has been an active investor in different companies. Son sees India as a potential tech exporter. Companies like Meesho grew a lot starting in India. Thus, tech is being involved in every aspect of India. Whether it’s grocery shopping, clothes shopping, spa, saloon, movies or entertainment, or making payments. UPI technology for the transfer of payment is another example of the tech revolution in India. Being the fastest and easiest method to transfer funds, UPI has changed the face of India. Digital payments increased manifolds after that.
Softbank is willing to invest around $75 million on a minimum basis. While it can also go as high as $150 million. The details about the investments are yet to be made public. However, these investments can benefit the industry’s development. Softbank often make a good investment decision. The company is also looking for some Indian data centers as they can give several insights to companies about the industry and consumer behavior. Stay tuned for more information.