SoftBank Plans to Raise $100B from Gulf Investors for AI Push

SoftBank's ability to pull Gulf sovereign capital at this scale signals that AI infrastructure is now competing with oil-era balance sheets for the same pool of patient, long-duration money — a structural shift in who funds compute. The timing is telling: OpenAI's revenue clarification lands the same day, and the gap between its current run rate and year-end target is exactly the kind of figure that either validates or undermines the capex thesis SoftBank is selling. Whether Gulf investors anchor the round, and whether OpenAI's trajectory closes that gap, are the two open questions that determine if this is momentum or a late-cycle ask.