ReleaseApril 30, 20261 min read
Softbank's $100 Billion AI Gamble: Roze IPO to Fuel Robotics and Data Center Expansion
Softbank is set to launch an initial public offering for its new AI and robotics company, Roze, with a target valuation of up to $100 billion, in a move to offset its massive spending on AI investments. The IPO, planned for as early as this year, will fuel the company's expansion into data centers and robotics, potentially incorporating its recently acquired ABB Robotics division.
Softbank is planning to launch and take public a new AI and robotics company called Roze in the United States, the Financial Times reports. The article Softbank plans IPO for new AI and robotics company valued at up to $100 billion appeared first on The Decoder.