SoftBank Group is seeking to raise as much as $100 billion from investors in the Gulf to support an expansion of its AI-related investments, according to multiple reports citing the Financial Times.
The Financial Times says founder and chief executive Masayoshi Son has held talks with senior figures and investors in the United Arab Emirates in recent weeks. The outlets describe the fundraising effort as part of a broader push to increase SoftBank’s bets on artificial intelligence.
While the reports focus on the scale of the potential capital raise and the involvement of Gulf-based investors, they do not provide details on which specific entities are involved, the structure of any investment, or a timetable for the fundraising. The accounts also do not specify how the funds would be allocated across SoftBank’s AI initiatives.
