SoftBank Group is aiming to raise up to $100 billion from Gulf investors to finance a new fund focused on artificial intelligence investments. The fund will target acquiring companies and enhancing their operations with AI and robotics to improve efficiency. This move follows SoftBank's deepening commitment to OpenAI, including a $30 billion investment and a recent $11.1 billion bond sale to support AI ventures. The fundraising effort recalls SoftBank's first Vision Fund in 2017, which had mixed results, and comes amid regional uncertainties due to the Iran war. SoftBank has not commented on the fundraising plans.
SoftBank's $100 billion AI expansion plan provides context for technology sector activity on Pluang. For readers following technology stocks, here is Pluang's market snapshot as of Oct 09, 2026 20:41 WIB: out of 150 priced US technology stocks, 107 rose and 38 fell. Notable movers include FSLY (Fastly Inc) at USD 27.01 with a 6.80% increase and 100% sell order activity, HPQ (HP Inc) at USD 30.78 down 5.12% with 76% buy order activity, and VERI (Veritone Inc) at USD 0.61 up 4.60% with 93% sell order activity.
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