According to reports, Sun Zhengyi, founder of Japan's SoftBank Group, is seeking to raise up to 100 billion US dollars from investors in the Middle East and Gulf region to further expand his huge bets in the field of artificial intelligence. According to recent media reports, Sun Zhengyi has had in-depth discussions with senior figures in the Gulf region, including the United Arab Emirates, in recent weeks. People familiar with the matter revealed that SoftBank plans to use the new funds raised to set up a new fund. The fund's operating model will be different from the past: SoftBank will directly acquire traditional or technology companies and then completely reinvent and refurbish the business operations of these companies using cutting-edge AI technology. Sun Zhengyi has set his sights on the Gulf's sovereign wealth this time, mainly because SoftBank's debt raising space is nearing its upper limit: Last month alone, SoftBank issued up to US$11.1 billion in high-yield corporate bonds to fund its investment in OpenAI, setting a record for the highest borrowing record for global technology companies in this field. SoftBank has invested a total of 64.6 billion US dollars into OpenAI, the parent company of ChatGPT, and holds about 13% of its shares. However, due to OpenAI's announcement to postpone its initial public offering until 2027, SoftBank was unable to cash out in the short term through the secondary market, and capital flows faced extreme leverage pressure.

According to reports, Sun Zhengyi, founder of Japan's SoftBank Group, is seeking to raise up to 100 billion US dollars from investors in the Middle East and Gulf region to further expand his huge bets in the field of artificial intelligence. According to recent media reports, Sun Zhengyi has had in-depth discussions with senior figures in the Gulf region, including the United Arab Emirates, in recent weeks. People familiar with the matter revealed that SoftBank plans to use the new funds raised to establish a new fund. The fund's operating model will be different from the past: SoftBank will directly acquire traditional or technology companies and then completely reinvent and refurbish the business operations of these companies using cutting-edge AI technology. Sun Zhengyi has set his sights on the Gulf's sovereign wealth this time, mainly because SoftBank's debt raising space is nearing its upper limit: Last month alone, SoftBank issued up to US$11.1 billion in high-yield corporate bonds to fund its investment in OpenAI, setting a record for the highest borrowing record for global technology companies in this field. SoftBank has invested a total of 64.6 billion US dollars into OpenAI, the parent company of ChatGPT, and holds about 13% of its shares. However, due to OpenAI's announcement to postpone its initial public offering until 2027, SoftBank was unable to cash out in the short term through the secondary market, and capital flows faced extreme leverage pressure.