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SoftBank narrows portfolio almost exclusively to AI-related investments

Financial turbulence prompts focus back on advanced technology

Plans to sell Fortress Investment Group suggest that SoftBank Group is moving toward an investment strategy focused on advanced technology. (Photo by Wataru Ito)

TOKYO -- SoftBank Group's decision to sell Fortress Investment Group, its U.S. asset management subsidiary, suggests it is moving toward an investment strategy focused on advanced technology.

Fortress and its buyer, Mubadala Capital, an arm of one of Abu Dhabi's sovereign wealth funds, jointly announced the deal on Monday.

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