SoftBank Seeks $100 Billion From Gulf Investors to Expand AI Bet
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SoftBank Group Corp. is seeking to raise as much as $100 billion from Gulf investors to enhance its investments in artificial intelligence, according to the Financial Times. Founder and chief executive Masayoshi Son has held discussions with senior figures in the UAE in recent weeks regarding this initiative.
The move reflects SoftBank's ambition to significantly increase its presence in the AI sector, leveraging potential funding from the Gulf region. This strategy aligns with the growing global interest in AI technologies and their applications across various industries.
Sources
Every quote below is verbatim from the article it is attributed to.
“SoftBank Group Corp. seeks to raise as much as $100 billion from Gulf investors to help it amp up its bets on AI, the Financial Times said.”
Bloomberg — SoftBank Seeks $100 Billion From Gulf Investors for AI, FT Says“Founder and chief executive Masayoshi Son has held talks with senior figures in the UAE in recent weeks”
FT — SoftBank seeks $100bn from Gulf investors to expand AI bet“Masayoshi Son has held talks with investors in UAE in recent weeks”
FT — SoftBank wants Gulf money to expand AI bet
Earlier versions
- Oct 9, 4:30 AM — SoftBank Seeks $100bn From Gulf Investors To Expand AI Bet (1/1)