From The Japan Times · Min Jeong Lee · · 50s
SoftBank Targets Gulf States for $100 Billion AI Fund
SoftBank aims to raise $100 billion from Gulf investors to boost AI investments, citing potential returns despite financial pressures.
In brief
SoftBank aims to raise $100 billion from Gulf investors to boost AI investments, citing potential returns despite financial pressures. SoftBank seeks $100 billion from Gulf states for AI, amid rising borrowing costs and delayed OpenAI IPO. Originally reported by The Japan Times.
SoftBank seeks $100 billion from Gulf investors
SoftBank Group seeks to raise as much as $100 billion from Gulf investors to help it amp up its bets on artificial intelligence (AI).
Masayoshi Son talks with UAE investors
Founder Masayoshi Son has held early talks with potential investors including those in the United Arab Emirates.
AI fund targets robotics and operations
The proposed fund would buy companies and use AI and machines, including from SoftBank’s robotics arm Roze, to improve operations.
What it means
SoftBank seeks $100 billion from Gulf states for AI, amid rising borrowing costs and delayed OpenAI IPO.
