𝕏xSE first seen 4 d ago, last 3 d ago, peak #31
SoftBank Seeks Up to $100 Billion from Gulf Investors for AI
Original: SoftBank Seeks Up to $100 Billion from Gulf Investors for AI Expansion
SoftBank is in talks to raise as much as $100 billion from Gulf investors to fund a major expansion of its artificial intelligence investments. The Japanese group, led by Masayoshi Son, is reportedly courting sovereign wealth funds in Saudi Arabia and the United Arab Emirates, with discussions including potential support for a Stargate-related data centre project. The scale of the fundraising would mark one of the largest AI-focused investment pushes to date.
Why now: The potential size of the fund and the renewed Gulf-Japan AI investment alliance make it a major development in the global AI race.
SoftBankMasayoshi SonSaudi ArabiaUnited Arab EmiratesStargate
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