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

Dylan Butts· ·1 min read · 0 reactions · 0 comments · 5 views
SoftBank reportedly weighs $100 billion valuation for new AI and robotics spinout in potential U.S. IPO

SoftBank Group is planning to create and list a standalone artificial intelligence and robotics company, coined "Roze" in the U.S.

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CNBC — Top · Dylan Butts
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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…

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