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SoftBank Eyes Majority Stake in 1X at $6B Valuation

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SoftBank is in talks to acquire a majority stake in OpenAI-backed humanoid robot developer 1X Technologies, in a deal that could value the startup at around $6 billion, according to a report by The Information citing people familiar with the matter. The talks are ongoing, and terms could still change.

The potential investment would strengthen SoftBank’s growing focus on robotics and artificial intelligence. OpenAI invested in 1X in 2023 through its startup fund, alongside Tiger Global and Norway-based investors. OpenAI and 1X had also discussed the possibility of an acquisition last year.

The move follows SoftBank’s broader expansion into the robotics sector. Last year, the Japanese conglomerate agreed to acquire Swiss engineering group ABB’s robotics business for about $5.4 billion, highlighting its ambition to build a stronger position in the rapidly developing robotics industry.

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SoftBank’s Son Eyes $100 Billion Investment in France for AI Expansion

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SoftBank Group founder Masayoshi Son is considering investing up to $100 billion in France, including a large-scale artificial intelligence infrastructure project, according to a Bloomberg News report. The proposed investment would focus heavily on AI data centers and advanced digital infrastructure as demand for generative AI services continues to rise globally.

Son has reportedly discussed plans for a major French AI data center initiative with French President Emmanuel Macron, with a possible announcement expected during the upcoming Choose France Summit. The report noted that discussions are still ongoing and the size and scope of the investment could change before any official confirmation.

SoftBank has aggressively expanded its AI portfolio in recent years, including investing more than $30 billion in OpenAI for an estimated 11% stake. The company also partnered with OpenAI and Oracle Corporation on the $500 billion Stargate AI network project in the United States, while continuing investments in robotics and digital infrastructure firms.

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