Japanese telecom giant SoftBank Group has invested in two U.S. companies, a map software startup and an artificial intelligence startup, the two American companies said on Tuesday.
Mapbox, based in San Francisco, said it has received an investment worth $164 million from a group of investors, including SoftBank Vision Fund, set up jointly with the government of Saudi Arabia among others, and several venture capitals. The investment will be used in three areas: autonomous driving, augmented reality, and virtual reality technologies for games and expansion into China, Southeast Asia and Europe.
Pittsburgh-based Petuum, which specializes in machine learning, said it has received $93 million from SoftBank and others. The startup hopes to spread machine learning technology, currently employed by only a handful of big information technology companies, to other businesses.
This week, GamesBeat PC gaming editor Jeffrey Grubb has begun calling himself the “godking” because his people in Frostpunk have started worshiping him. This has left GamesBeat reviews editor Mike Minotti, his GamesBeat Decides podcast co-host, frightened and alone. You’ll have to listen to see if he decides to submit to Lord Jeffrey’s rule. On […]