Business · Companies · 1 day ago
SoftBank seeks up to $100 billion for an AI-focused investment fund
Masayoshi Son, the founder of Japanese technology investment company SoftBank, is seeking up to $100 billion from investors in the Gulf.
He wants to use the money to create a fund that buys established businesses.
The fund would introduce artificial intelligence and robotics to improve how those businesses operate and, in turn, their value.
This differs from SoftBank’s previous investment vehicles, which mainly financed technology companies.
The plan comes as SoftBank faces concerns over its $65 billion investment in OpenAI and a delayed initial public offering.
Son has reportedly approached influential Middle Eastern investors, including senior figures in the United Arab Emirates, but no funding agreement is described.
SoftBank founder Masayoshi Son is seeking up to $100 billion from Gulf investors for a fund focused on improving businesses with artificial intelligence and robotics.
The proposed fund would buy established companies that have not yet adopted those technologies.
SoftBank aims to use the technologies to improve the companies’ operations and value.
The initiative comes as concerns grow over SoftBank’s $65 billion investment in OpenAI and its delayed initial public offering.
- Who
- Masayoshi Son, founder of SoftBank, is seeking the funding.
- What
- He is seeking up to $100 billion for a fund to buy established companies and improve their operations using AI and robotics.
- When
- He has approached investors in recent weeks.
- Where
- The funding is sought from Gulf investors, including senior figures in the United Arab Emirates.
- Why
- The fund would use AI and robotics to improve companies’ operations and value.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
This story does not have a timeline yet.
- Funding sought
- Up to $100 billion
- SoftBank investment in OpenAI
- $65 billion
- Investors approached
- Gulf investors, including senior figures in the United Arab Emirates
- Fund’s proposed strategy
- Acquire established businesses and improve operations using AI and robotics
Sources
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