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SoftBank Seeks up to $100 Billion From Gulf Investors for AI Push, FT Reports
The Japanese conglomerate plans a fund to buy companies and improve operations with artificial intelligence after completing a $30 billion OpenAI investment.
- On Friday, the Financial Times reported that SoftBank Group CEO Masayoshi Son is seeking to raise up to $100 billion from Gulf investors to fund a new wave of AI investments.
- Son has held discussions in recent weeks with senior figures, including in the United Arab Emirates, over the possible fundraising strategy.
- The company completed a $30 billion investment in ChatGPT maker OpenAI last week, building on the $11.1 billion raised last month through a high-yield corporate bond sale.
- Reuters could not immediately verify the report, and SoftBank did not respond to requests for comment regarding the potential fundraising.
- The proposed fund would acquire companies and improve their operations using advanced technologies, aligning with the conglomerate's mammoth bet on artificial intelligence.
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31 Articles
31 Articles
Japan's SoftBank Group intends to attract up to $100 billion from Gulf investors to finance a new wave of investment in artificial intelligence technology, writing Financial Times with a reference to sources familiar with the situation.
SoftBank CEO Masayoshi Son could raise up to $100 billion from Gulf investors to fund a new wave of investment focused on artificial intelligence, the Financial Times has learned from sources close to the transaction.
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Total News Sources31
Leaning Left0Leaning Right3Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
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