SoftBank seeks up to $100 billion from Gulf investors to fund AI bets
Overview
SoftBank Group Corp. is seeking to raise as much as $100 billion from Gulf investors to expand its artificial intelligence investments, according to the Financial Times, citing people familiar with the matter.
The reported fundraising is intended to help SoftBank increase its bets on AI.
The report did not specify the timing or terms of the proposed fundraising, so it remains unclear how the capital would be structured or when any deal might close.
Written by AI from the articles below · updated Oct 9, 3:52 AM ET
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- Bloomberg · TechnologySoftBank Seeks $100 Billion From Gulf Investors for AI Push
AISoftBank Group Corp. is seeking to raise as much as $100 billion from Gulf investors to expand its AI investments, the Financial Times reported, citing people familiar with the matter. The report did not specify the timing or terms of the proposed fundraising.
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