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Masayoshi Son Seeks Up to $100B Gulf AI Fund

By Drooid · · How we work

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Story summary
  • Masayoshi Son is seeking up to $100 billion from Gulf investors for an AI-focused fund.
  • The fund will acquire companies and apply AI and SoftBank’s Roze robotics to improve operations.
  • SoftBank has invested roughly $65 billion in OpenAI, the ChatGPT developer.
  • SoftBank shares fell up to 7.3% in Tokyo after the report, citing OpenAI revenue worries.
  • In September, SoftBank raised about $11.1 billion via a high-yield bond sale for AI bets.