Weekly Recap: Gulf push for $100B AI fund and closed OpenAI follow-on, $11.1B bonds
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SoftBank Group Corp. Unsponsored ADR (TSE:9984) is courting Gulf investors, including UAE leaders, to raise up to $100 billion for an AI-focused buyout vehicle to acquire companies and accelerate AI projects after closing a $30B OpenAI follow-on and issuing $11.1B in high-yield bonds to fund its OpenAI stake and acquisitions.
Previous Week Recap
- SoftBank Group Corp. Unsponsored ADR courting Gulf Investors: SoftBank Group (9984) is courting Gulf investors, including UAE leaders, seeking up to $100 billion for an AI-focused investment vehicle to buy companies and boost AI projects. 3 sources
- SoftBank Group Corp. Unsponsored ADR OpenAI Funding: SoftBank Group (9984) finished the last tranche of a $30B OpenAI follow-on and issued $11.1B high-yield bonds to fund the OpenAI stake and AI-focused acquisitions. 3 sources
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