SoftBank initiates a venture fund focused on minority startups.

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In response to the protests sparked by George Floyd’s death, SoftBank has announced a new fund called ‘Opportunity Growth Fund.’ Masayoshi Son, SoftBank’s CEO, disclosed this initiative on Twitter. The fund will begin with an initial investment of $100 million, and SoftBank or other limited partners have the potential to increase this amount in the future.

Additionally, Bank of America has pledged to donate $1 billion over the next four years to support community programs and small businesses, aiming to address issues related to economic and racial inequality.

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