Is Softbank just going to invest in every self-driving startup? That seems like a really weird investment strategy.
I beg to differ. In Southeast Asia for example, Softbank invested in both Uber and Grab, the two of its biggest ride sharing companies. Having leverage in both, Uber then was shut down in favor of Grab ultimately eliminating competition. Doesn't seem like a weird investment strategy at all.
And how has that turned out for everyone? Are customers happy? Has it led Grab to be profitable now? Is Softbank getting returns for their billions of Uber AND Grab investments or do they have to invest even more billions?