Bitcoin btc
$ usd

Japanese Investment Firm SoftBank Plunges Into AI With $100 Million Symbotic Joint Venture

2 mins
Updated by Geraint Price
Join our Trading Community on Telegram

In Brief

  • Japanese investment firm SoftBank is launching a $100 million AI-focused joint venture with robotic warehouse company Symbotic.
  • SoftBank will also purchase Symbotic's AI-powered systems for approximately $7.5 billion, strengthening its AI capabilities.
  • Despite a downtrend in crypto funding in 2023, AI technology continues to attract significant investments, with $20.3B in Q1 and $20.2B in Q2.
  • promo

Investment firm SoftBank is reportedly betting big on artificial intelligence (AI) through a joint venture with Symbotic.

AI is making headlines with the launch of chatbots such as OpenAI’s ChatGPT and Google’s Bard. And as venture capitalist interest grows in AI, the Japanese investment company SoftBank want some of the action. 

SoftBank Plans an AI-Powered Warehouse 

According to Bloomberg, SoftBank is partnering with a robotic warehouse company, Symbotic, to go all in on AI. SoftBank and Symbotic plan to establish a joint venture, GreenBox Systems LLC, worth $100 million, with the former owning a 65% stake and the latter owning the remaining stake.

The joint venture would focus on building AI-powered warehouses. Also, Bloomberg’s sources said that SoftBank would buy Symbotic’s AI systems for around $7.5 billion.

Japan as a nation is also trying to strengthen its position in the AI race. In July, BeInCrypto reported that the Japanese Investment Corporation offered a $6.4 billion buyout deal to a photoresist producer with a 30% global share. 

Read our detailed guide to the 9 best AI trading bots

Crypto vs. AI Funding

While crypto funding is drying up in 2023, artificial intelligence technology continues to attract investors. After a slow second half in 2022, the first half 2023 saw a huge spike in AI investment.

The screenshot below shows that venture capitalists placed bets worth $20.3 billion in Q1 2023 and $20.2 billion in Q2 2023. Meanwhile, crypto funding continues a downtrend in 2023 compared to the previous year.

Moreover, according to Crunchbase, the AI sector has attracted around one-fifth of the global venture funding in 2023.

Crypto vs. AI funding, screenshot from Bloomberg.
Crypto vs. AI funding. Source: Bloomberg

Got something to say about SoftBank AI investment or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or Twitter.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.


In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.

Harsh Notariya
Harsh started investing in crypto during the 2021 bull market. He took the opportunity of the market crash in May to learn more about Bitcoin and blockchain technology. Since...