SoftBank's Son considers up to $100 billion investment in France, Bloomberg News reports


SoftBank CEO Masayoshi Son attends an event to pitch AI for businesses in Tokyo, Japan February 3, 2025. REUTERS/Kim Kyung-Hoon

May 11 (Reuters) - SoftBank ⁠Group Corp founder Masayoshi Son is considering an ⁠investment of up to $100 billion in France, including ‌a multibillion-dollar project to build AI infrastructure in the European nation, Bloomberg News reported on Monday.

Companies have been channeling billions into data ​centres to power generative AI services. ⁠OpenAI, Oracle and SoftBank ⁠announced in September last year plans for five U.S. AI ⁠data ‌centres for the $500 billion Stargate project, a plan to build a nationwide advanced AI network.

Son ⁠has held talks about unveiling an ambitious ​French AI data ‌center project with PresidentEmmanuel Macronin the coming weeks, ⁠the report ​said, citing people familiar with the matter. Son's plans might be announced during the Choose France Summit, it added.

Details ⁠of the project remain in flux, ​and the scope of the potential investment could change, Bloomberg said.

Reuters could not immediately verify the report. SoftBank did ⁠not respond immediately to a request for comment.

SoftBank's investments in AI also include over $30 billion in investments in OpenAI so far, for about an 11% stake, in ​a bid to emerge as a ⁠winner in the battle among developers of large language ​models.

Its other investments include the robotics ‌business of ABB and digital ​infrastructure investment firm DigitalBridge.

(Reporting by Kanjyik Ghosh in Barcelona; Editing by Bernadette Baum and Louise Heavens)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

California county sues Meta over scam ads
OpenAI creates new unit with $4 billion investment to aid corporate AI push
Shein accuses Temu of 'industrial scale' copyright breaches in UK legal battle
Alphabet considers first yen bond sale to fund AI goals
EU Commission in talks with OpenAI and Anthropic over AI models
Circle sees revenue boost as stablecoin demand rises amid volatility; shares up
AI labs should pass safety review to get US government contracts, group says
Disneyland rolls out facial recognition at US park's entrances
US prepares AI security order that omits mandatory model tests
Google settles racial discrimination lawsuit for US$50mil

Others Also Read