Synopsis
SoftBank Group is set to make waves in the U.S. technology landscape with its groundbreaking AI and robotics initiative, Roze. With an eye on reaching a staggering $100 billion valuation, the company plans to potentially go public this year. This ambitious strategy, helmed by CEO Masayoshi Son, aims to balance hefty investments, including commitments to OpenAI.Listen to this article in summarized format
Roze could be listed as early as this year, and executives at SoftBank are aiming for a valuation of $100 billion, the newspaper reported.
SoftBank declined to comment when contacted by Reuters.
Founder and CEO Masayoshi Son wants to list the business as he seeks to offset commitments including pledges to ChatGPT maker OpenAI, the FT reported.
OpenAI is preparing for a potential initial public offering that could value it at $1 trillion, Reuters has reported. The firm faces growing competition from rivals, including Anthropic.
SoftBank is leading financing for the Stargate project to develop data centres in the United States. Its other investments include the robotics business of ABB and digital infrastructure investment firm DigitalBridge.
