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Technology investment: Tech giant SoftBank executive Rajeev Misra has created a $100 billion fund to invest in futuristic technologies like artificial intelligence, robotics and other Jetsons-like inventions, according to the
In addition to its Deutsche Bank ties, SoftBank has Goldman Sachs connections, and there are reports Goldman will be the lead financial adviser to the investment fund.
Ex-Deutsche Bank executive Misra, who is a top lieutenant to SoftBank chief Masayoshi Son, will lead the fund, which is expected to launch in coming weeks with money from SoftBank, several Middle East sovereign-wealth funds, and Silicon Valley luminaries including Apple Inc. and Qualcomm Inc. as well as Oracle Corp.'s Larry Ellison.
Misra, who built Deutsche's huge credit-derivatives business in the last decade, is leading a crew of ex-bond traders and Wall Street salespeople helping Son raise and manage the fund. Others include a trio of Deutsche and Goldman Sachs alums well-connected among Middle Eastern royals. Their knack for financial structuring and ties to ultrarich investors are key as the 59-year-old Son reinvents SoftBank as an incubator of next-generation technologies, according to the Journal.
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Flying high: Have
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New York Times
Supremes won't stop suits: The U.S. Supreme Court declined a request by some of the nation's largest banks to halt several
Quotable ...
"Now hold on. You're saying that the American people are too dumb to understand that if you say $10 plus a
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Coindesk: The publication reviews how the