Abu Dhabi's Mubadala Considers SoftBank Investment

SoftBank plans to create a $100 billion fund, aiming to make significant investments in technology and innovation. The fund will be supported by contributions from the Saudis, SoftBank itself, and other investors like the Qataris and Abu Dhabi Fund. Masayoshi Son, SoftBank's head, has a strong track record, with successful investments in companies like Alibaba. The fund will focus on diversifying investments beyond oil-based economies, targeting sectors such as the Internet of Things and artificial intelligence. This strategic move is seen as a way to harness capital in a low-yield global environment.

Why are the Saudis and the Abu Dhabi Fund interested in investing with SoftBank?

What sectors is SoftBank likely to invest in with the new fund?