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SoftBank reportedly weighs $100 billion valuation for new AI and robotics spinout in potential U.S. IPO
Original from CNBCTechnology: SoftBank reportedly weighs $100 billion valuation for new AI and robotics spinout in potential U.S. IPO

SoftBank reportedly weighs $100 billion valuation for new AI and robotics spinout in potential U.S. IPO

SoftBank Group is set to establish and publicly list a new company focused on artificial intelligence and robotics, named "Roze." This initiative aims to capitalize on the growing demand for advanced technology solutions in these sectors. The company will be based in the United States, reflecting SoftBank's strategic interest in the American market, which is a hub for innovation and technological advancement. The move comes as part of SoftBank's broader strategy to diversify its portfolio and strengthen its position in the rapidly evolving tech landscape. By creating a standalone entity, SoftBank hopes to attract investment and foster innovation in AI and robotics, areas that are increasingly pivotal to future economic growth. The timeline for the listing has not been disclosed, but the announcement signals SoftBank's commitment to leading in these transformative industries.

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