SoftBank Group Chairman and CEO Masayoshi Son is aiming to raise up to $100 billion, roughly 16 trillion yen, from investors in the Middle East's Gulf states to further expand investment in artificial intelligence, it has emerged. The Financial Times reported the news on the 9th, citing people familiar with the matter. Son is said to have held talks over the past few weeks with influential figures in Gulf states including the United Arab Emirates about the possibility of fundraising. Part of the funds raised would be used to establish a corporate buyout fund, and the plan is to use artificial intelligence and other advanced technologies when improving the operations of acquired companies.
SoftBank Group Corp.SoftBank is aiming to raise up to $100 billion from Gulf investors to expand AI investment and establish a buyout fund.
