SoftBank is reportedly looking to secure as much as $100 billion from investors in the Gulf region to support its expanding investments in artificial intelligence. The proposed fundraising effort reflects the company's ambition to strengthen its position in the rapidly growing AI industry.
According to the report, the Japanese investment group is seeking financial backing from Middle Eastern investors to fund its technology focused plans. The potential investment would support its efforts to capitalise on rising demand for AI infrastructure, computing capacity and advanced technology.
The move comes as major technology companies and investment firms continue to commit substantial resources to artificial intelligence. Access to additional funding could help SoftBank pursue new opportunities in the sector, although the final amount raised and the details of any investment agreements remain subject to confirmation.