Masayoshi Son is seeking up to $100 billion from Gulf investors for a new fund that would buy traditional businesses and overhaul them with AI and robotics. The SoftBank founder has approached Middle East sovereign investors, including UAE leadership. The move comes as SoftBank faces scrutiny over its $65 billion OpenAI commitment and delays to the startup's anticipated IPO.
SoftBank's Son seeks $100B for AI buyout fund
Source: Times of India