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SoftBank Seeks $100 Billion for AI Push
GuruFocus ·
GuruFocus reports: SoftBank Group Corp. (SFTBY, Financials), the Japanese technology investment conglomerate, is reportedly seeking as much as $100 billion from Gulf investors as CEO Masayoshi Son looks for more firepower to expand the company's artificial intelligence bets. Son has discussed a possible fundraiser with key authorities, particularly in the United Arab Emirates, in recent weeks, the newspaper said. The move would signify yet another big escalation in SoftBank's AI agenda. It…