SoftBank to Create and List AI Firm Roze in the US, FT Says (1)

SoftBank Group Corp. plans to establish and float a standalone AI robotics and data center company called Roze in the US, the Financial Times reported, citing unidentified people familiar with the matter.

The Japanese investment firm aims to list Roze as soon as this year at a targeted valuation of $100 billion, the FT reported. Founder Masayoshi Son is driving the effort, aimed at offsetting the tens of billions of dollars that his firm is committing in the AI sphere.

Son’s envisioned spinoff would run up against growing concerns about the sustainability of a historic global data center buildout ...