SoftBank Group is planning to create and list a new AI and robotics company called Roze in the United States, according to a report from the Financial Times.
The company will be involved in building data centers. Sources say the listing could happen as early as this year, with SoftBank executives targeting a valuation of $100 billion.
Founder and CEO Masayoshi Son sees the listing as a way to offset commitments, including pledges to OpenAI, which is reportedly preparing for an IPO that could value it at $1 trillion.
SoftBank is also leading financing for the Stargate project to build data centers in the US, and holds investments in ABB's robotics business and DigitalBridge.