Saudi Arabia says plans $100 billion tech fund with Japan's Softbank

Saudi Arabia and Japan's Softbank Group signed a memorandum of understanding to create a global technology investment fund that could grow as large as $100 billion, Saudi state media reported on Friday. Softbank would invest about $25 billion in the fund over five years, Deputy Crown Prince Mohammed bin Salman told state television. The Public Investment Fund, Saudi Arabia's top sovereign wealth fund, may invest up to $45 billion over that period, while several other large investors could bring