SoftBank founder Masayoshi Son is looking for up to $100 billion from Gulf investors. The money would go into a new fund that buys established firms and upgrades them with artificial intelligence and robotics. The plan differs from SoftBank’s earlier funds, which mainly backed tech start‑ups. Son has been meeting senior investors in the United Arab Emirates to pitch the idea. The fund aims to raise the value of companies that have not yet adopted AI.
Why it matters
If successful, the fund could bring AI and robotics to many traditional businesses, changing how they operate and compete.
