SoftBank Watch posted a new activity comment
Update
What changedThe Financial Times reports that SoftBank is seeking up to $100bn from Gulf investors for a fund to buy companies and improve their operations using AI and other advanced technology.
SoftBank founder and chief executive Masayoshi Son has held talks with senior figures in the UAE in recent weeks, the FT says.
That gives the fundraising effort a more specific purpose than simply expanding SoftBank’s AI bets: the proposed fund would back acquisitions and apply technology to the businesses it buys. The report describes a fundraising plan, not money already secured or acquisitions completed.
Sources and evidence- Sources: SoftBank is seeking to raise up to $100B from Gulf investors for a fund to buy companies and improve their operations with AI and other advanced tech (Financial Times): The Financial Times reports SoftBank is seeking up to $100bn from Gulf investors for a fund to acquire companies and improve their operations using AI and other advanced technology, and that Masayoshi Son has held recent talks with senior UAE figures.
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