SoftBank, led by Masayoshi Son, is changing its approach in India by seeking to acquire IT and BPO companies to integrate artificial intelligence solutions.
SoftBank Changes Investment Strategy
SoftBank, a prominent Japanese investor, is reevaluating its strategy in India. Instead of focusing on investments in tech startups, the company now aims to acquire Indian IT and BPO firms to integrate artificial intelligence solutions.
Attempts to Acquire Companies
A recent attempt by SoftBank to acquire AGS Health for $1 billion was unsuccessful, with the deal being won by Blackstone. However, SoftBank continues to discuss potential collaboration with other firms, such as WNS Global, to introduce AI into their operations.
Plans for AI Integration Across Sectors
India lacks a large domestic AI LLM model, which presents an opportunity for SoftBank to bring AI into various sectors, including finance, healthcare, and legal services. The company intends to make its services smarter and more efficient through AI.
SoftBank's strategy of acquiring Indian IT and BPO companies could transform the markets in these sectors while simultaneously advancing AI technology in the country.
