SoftBank founder Masayoshi Son is seeking to raise as much as $100 billion from investors in the Gulf to expand the company’s large-scale artificial intelligence investments, according to BlockBeats on Oct. 9, citing people familiar with the matter. The report said Son has held talks with several senior figures in recent weeks, including people tied to the United Arab Emirates. SoftBank may use the financing to set up a fund that would acquire other companies and then apply artificial intelligence to reshape how those businesses operate. The report did not disclose a timeline for the fundraising or identify specific investors. The planned structure, as described, would pair capital raising with acquisitions and operational changes driven by AI.
SoftBank founder Masayoshi Son is seeking to raise up to $100 billion from Gulf investors to step up the company’s large-scale artificial intelligence investments, according to a BlockBeats report published on Oct. 9 that cited people familiar with the matter.
The report said Son has been in talks in recent weeks with several senior figures, including people connected to the United Arab Emirates.
SoftBank may use the financing to establish a fund, acquire other companies, and then use artificial intelligence to transform how those businesses operate.
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