SoftBank Plans to Create and List AI Vehicle Roze in the US

SoftBank Group Corp. plans to establish and list an AI and robotics company called Roze in the US, potentially raising capital to propel founder Masayoshi Son’s growing bets on artificial intelligence.

The Japanese investment firm aims to create and float such a vehicle as soon as this year, though the timing on that could slip to 2027, people familiar with the matter said, asking to remain anonymous to discuss confidential plans. SoftBank representatives declined to comment on the move, which the Financial Times earlier reported could value Roze at $100 billion. The company’s shares swung between gains and losses in Tokyo.