SoftBank seeks up to $100 billion from Gulf investors for AI investments

SoftBank Group CEO Masayoshi Son is seeking to raise as much as $100 billion from Gulf investors, including in the United Arab Emirates, to fund further AI investments and establish a fund that would acquire companies and improve operations using AI and related technologies. The report follows SoftBank's recent completion of a $30 billion investment in OpenAI and other large capital raises tied to AI infrastructure and models. This represents a major concentration of capital toward AI scaling and deployment by one of the sector's largest investors.