SoftBank, the Japanese multinational conglomerate, is actively seeking new artificial intelligence (AI) deals following the successful listing of its semiconductor subsidiary, Arm. The company aims to capitalize on the growing demand for AI technology across various industries.
SoftBank’s decision to focus on AI comes after the recent initial public offering (IPO) of Arm, which raised approximately $23.5 billion. The IPO was one of the largest in history and demonstrated the market’s confidence in the semiconductor company’s potential.
With the funds raised from Arm’s listing, SoftBank is now looking to invest in AI-related ventures. The company recognizes the transformative power of AI and its ability to revolutionize industries such as healthcare, finance, transportation, and more.
SoftBank has a history of investing in cutting-edge technologies and has already made significant strides in the AI sector. The company’s Vision Fund, a $100 billion investment vehicle, has backed several AI startups, including Brain Corp, a robotics company, and Improbable,