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SoftBank seeks $100bn from Gulf investors for AI push
Original: SoftBank seeks $100bn from Gulf investors to expand AI bet
SoftBank is in talks to raise $100bn from Gulf investors, including sovereign wealth funds, as it looks to fund a much larger push into artificial intelligence. The Japanese group's founder Masayoshi Son has been aggressively investing in AI companies, and the new capital would expand that strategy. The move follows increasing competition among tech giants to secure funding for AI infrastructure and development.
Why now: It signals the scale of capital SoftBank is chasing for its AI strategy and highlights Gulf funds' growing role as AI backers.
SoftBankMasayoshi SonGulf sovereign wealth fundsFinancial Times
Evidence
- SoftBank seeks $100bn from Gulf investors to expand AI bet · Financial Times
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