SoftBank launches $100 billion AI and robotics fund backed by Gulf investors
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SoftBank Group founder Masayoshi Son is pursuing up to $100 billion in fresh capital from Gulf investors to launch a new fund focused on acquiring companies and deploying artificial intelligence and robotics to optimize their operations. According to the Financial Times, Son has held preliminary discussions with senior officials in the United Arab Emirates and other Gulf states about the ambitious initiative, representing one of the largest single AI bets in the industry.
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