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Only a fool would give them money: Musk on SoftBank seeking $100 billion for AI push

short by Mansi Agarwal / on Friday, 9 October, 2026
SoftBank Group CEO Masayoshi Son is seeking to raise up to $100 billion from Gulf investors to fund new AI investments, the Financial Times reported. Reacting to the report, Elon Musk said, "Only a fool would give them money." The Japanese conglomerate is a major backer of OpenAI, with cumulative investments exceeding $64 billion.