company a key item on fridays agenda is softbanks appointment of david chao to replace tan as an external director chao a cofounder and general partner at venture capital firm dcm had previously invested in companies such as vertical farming startup plenty inc and personal finance startup sofi technologies inc in which the vision fund also invested sofi in 2017 was embroiled in a sexual harassment investigation that led to the ouster of its ceothis feels like a continuation of the degradation of the strength of board oversight kato said about chao given some of the scandals at sofi which he had invested in it is not a ringing endorsement of his ability to contribute to better governance at softbank softbank this year will conduct fewer and smaller deals son has said so far this year the average size of softbanks vision fund 2 investments stood at about 100 million to 200 million in more than 50 funding rounds compared with around 900 million for vision fund 1 in januarymarch the vision fund doled out 25 billion or less than onefourth of the 104 billion it spent the previous quartersoftbanks emphasis on breakneck speed remains the same however it reached a decision to invest in japans ai medical service inc within two months of a 30minute zoom meeting in february between founder tomohiro tada and son after tadas presentation of the company which uses artificial intelligence to help clinicians identify potential cancers of the stomach and intestines son spent 15 to 20 minutes asking for numbers to back up the accuracy of aims technology tada saidseveral minutes into the call son suggested tada should seek as much as 74 million double the sum tada proposed the two also brainstormed possible business models for when aim would scale up tada said following an intense two weeks of some 150 email exchanges softbank in april led an 59 million funding round into aimdue to covidrelated precautions only 150 shareholders will attend fridays meeting at softbanks headquarters in tokyo which will be broadcast via a web portal son will take questions selected from those submitted in writing online softbank said