727 FinancePANews October 9 news, according to the UK Financial Times citing people familiar with the matter, SoftBank Group CEO Masayoshi Son is seeking to raise up to $100 billion from Gulf investors for a new round of AI investment, and has recently held talks with senior figures in the UAE and other places. The funds raised will establish a fund to acquire companies and improve their operations with advanced technologies such as AI. SoftBank has previously completed an additional $30 billion investment in OpenAI.
SoftBank seeks to raise up to $100 billion from Gulf investors to expand AI investments.
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