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      SoftBank seeks up to $100 billion from Gulf investors to expand AI investments

      PANews, October 9 — SoftBank Group CEO Masayoshi Son is seeking to raise up to $100 billion from Gulf-region investors for a new round of AI investments and has recently held talks with senior figures in the UAE and elsewhere, according to the Financial Times, citing people familiar with the matter. The funds raised will be used to set up a fund to acquire companies and improve their operations with advanced technologies such as AI. SoftBank has previously completed an additional $30 billion investment in OpenAI.


      Source: PANews
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud