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Economic Times
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SoftBank eyeing buyout deals in India to push AI-led IT, BPO operations
- SoftBank is shifting towards direct acquisition in India, exploring buyout opportunities in AI-led IT and BPO operations.
- The Japanese conglomerate considered acquiring AGS Health for $1 billion, aiming to combine AI with service delivery at scale.
- SoftBank is keen on deploying AI in India's outsourcing sector, targeting disruption in IT services with the potential for acquisitions.
- The company is evaluating small-to-mid-sized firms for AI implementation in sectors like financial services, healthcare, and legal services.
- SoftBank's vision includes transforming traditional BPOs into tech-enhanced service providers by integrating AI for cost efficiencies and revenue growth.
- The SoftBank Vision Fund is eyeing AI infrastructure and data center opportunities in India to advance AI technologies.
- SoftBank's interest aligns with investing in global AI infrastructure and has initiated The Stargate Project for AI development.
- The company is also collaborating with OpenAI to develop Cristal Intelligence, an enterprise AI solution for its portfolio companies.
- SoftBank is exploring Project Crystal Land in the US, focusing on AI and robotics manufacturing, semiconductor processing, and tech workforce housing.
- SoftBank, known for investments in Indian startups, is now considering smaller deals ranging from $20 to $40 million as part of its flexible investment strategy.
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