SoftBank reportedly weighs $100 billion valuation for new AI and robotics spinout in potential U.S. IPO
SoftBank is reportedly planning to spin out and list a new AI and robotics company called 'Roze' in the U.S. as early as this year, with a targeted valuation of around $100 billion. The company, driven by CEO Masayoshi Son, aims to focus on AI infrastructure and robotics efficiency, potentially bundling existing assets like ABB Robotics and energy holdings. While the move could help fund SoftBank's large AI investments, including its backing of OpenAI, the timeline and valuation remain subject to change due to market and geopolitical uncertainties.
Opening excerpt (first ~120 words) tap to expand
SoftBank Group is planning to create and list a standalone artificial intelligence and robotics company in the U.S. as early as this year, the Financial Times reported on Thursday. The new entity, to be called "Roze," will focus on building data centers and using robotics to improve the efficiency of AI infrastructure construction, according to the report, which cited anonymous sources familiar with the matter.SoftBank founder and Chief Executive Masayoshi Son is driving the effort, with executives reportedly targeting a valuation of about $100 billion and aiming to pursue the initial public offering this year.However, the report noted that the valuation target and timeline could shift and that the plans are considered ambitious by some SoftBank executives, in part due to uncertainties…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Top.
Discussion
0 commentsMore from CNBC — Top
