Following reports in recent weeks that Apple held talks regarding a potential investment in Softbank’s $100bn technology fund, today the company confirmed that it will indeed invest $1 billion into the project known as the “Softbank Vision Fund.”
The Wall Street Journal reports that Apple confirmed the investment today and also offered a statement provided by company spokesperson Kristin Huguet. In the statement, the company says it thinks the investment will help “speed the development of technologies which may be strategically important to Apple.”
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