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)

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