Japanese billionaire Masayoshi Son, founder of SoftBank Group, is seeking to raise up to $100 billion from investors in the Gulf states to support his investment plans in artificial intelligence and fund advanced technology projects.
Targeting $100 billion to fund artificial intelligence
The proposed funding is intended to strengthen SoftBank's investments in artificial intelligence, as Son seeks to expand the group's bets on the sector.
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It also aims to provide additional financial resources for projects linked to advanced technology. The $100 billion represents a target ceiling for the fundraising effort, not proceeds that have already been secured.
The implementation of the investment plans will depend on the amount of money Son is able to raise from Gulf investors.
