SoftBank Group Corp. is reportedly in discussions with prominent Gulf investors to raise up to $100 billion for its artificial intelligence ambitions, the Financial Times reported. The funding could expand SoftBank’s capacity for large-scale AI investments and support its strategic shift toward the technology.
On October 9, SoftBank shares and other AI- and semiconductor-related stocks came under pressure. SoftBank was a significant contributor to the Nikkei index’s decline during the morning session. The sell-off followed losses in U.S. technology stocks after reports that OpenAI revenue was lower than expected.