SoftBank aims to raise $100 billion for AI-driven business acquisitions
SoftBank CEO Masayoshi Son is reportedly courting Gulf investors for up to $100 billion to set up a new fund aimed at buying established companies and boosting their value with AI and robotics. Unlike previous SoftBank funds, this one would directly acquire firms and overhaul them with new tech. Discussions are said to be underway in the UAE, but SoftBank hasn’t commented publicly.
- Masayoshi Son is leading the fundraising effort
- SoftBank is targeting up to $100 billion from Gulf sources
- The fund would acquire, not just invest in, established businesses
- Focus is on improving operations using AI and robotics
- Talks are ongoing in the United Arab Emirates
Sources covering this
In this story
More in Big Tech
Microsoft unveils faster Xbox PC app with new design
Microsoft is rolling out a redesigned Xbox app for Windows PCs, aiming to make it much faster and easier to use.
Hollywood releases films examining tech leaders and AI risks
Several new films and documentaries are debuting that scrutinize prominent technology leaders and the risks of artificial intelligence.
White House limits Microsoft’s green-card sponsorships
The White House has tightened restrictions on Microsoft’s ability to sponsor green cards for foreign workers, a move announced by Vice…
Jeff Bezos defends entrepreneurs in Fox News interview
Jeff Bezos appeared on Fox News from Blue Origin’s Florida factory to argue that business success shouldn’t be demonized.