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SoftBank's second Vision Fund hangs in the balance after the first one posted a record $18 billion loss

SoftBank's second Vision Fund hangs in the balance after the first one posted a record $18 billion loss

Keep Me Logged InKey PointsThe future of 's second Vision Fund is in jeopardy after the first one reported record losses of $18 billion on Monday — thanks in large part to the collapsing valuations of firms like and WeWork, which SoftBank has pumped billions into.  The first Vision Fund, launched by SoftBank founder Masayoshi Son in 2017, due to its sheer size. At $100 billion, it was several orders of magnitude larger than any other tech investment fund including those of Silicon Valley heavyweights like Sequoia and Andreessen Horowitz. More than half of the money comes from contributors...

cnbc.com
Sam Shead
4d ago
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Britain's NHS shuns Apple and Google as it rolls out coronavirus contact-tracing app

Britain's NHS shuns Apple and Google as it rolls out coronavirus contact-tracing app

Keep Me Logged InKey PointsBritain's National Health Service (NHS) has started rolling out an app that aims to track the spread of the coronavirus.The app is initially being trialed by local government and health-care workers on the Isle of Wight, which is situated just off the south coast of England. All of the Isle of Wight's 142,000 inhabitants will be able to download it from Thursday, while the wider U.K. population could get access within weeks. "By downloading the app, you're protecting your own health, you're protecting the health of your loved ones and the health of your...

cnbc.com
Sam Shead
May 5
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Facebook is using artificial intelligence to spot suicidal tendencies in its users

Facebook is using artificial intelligence to spot suicidal tendencies in its users

Facebook is to help it detect posts, videos, and Facebook Live streams that contain suicidal thoughts, it announced on Monday. The company is deploying the "proactive detection" technology globally after a trial on text-based posts in the US, which it . However, there is one rather large exception: the European Union, where data-privacy laws make it tricky. "We are starting to roll out artificial intelligence outside the US to help identify when someone might be expressing thoughts of suicide, including on Facebook Live," Guy Rosen, Facebook's vice president of product management, said in a...

businessinsider.com
Sam Shead
Nov 28
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