SoftBank Loses $7 Billion as AI Data Centers Turn Out to Be Risky Investment
SoftBank faces severe financial losses totaling $7 billion linked to risky artificial intelligence data centers and gas turbine investments.
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SoftBank faces severe financial losses totaling $7 billion linked to risky artificial intelligence data centers and gas turbine investments.
German robotics start-up Agile Robots raised $500 million at an $8.5 billion valuation in a round led by SoftBank with participation from Nvidia and Hitachi.
SoftBank's billion-dollar loss on electrical turbines raises questions about AI's natural gas ambitions.
GE Vernova shares fell 4% after SoftBank recorded a $3.7 billion charge on power equipment for its Ohio data center campus, though SoftBank says the project is still proceeding.
SoftBank Group reported a $7 billion quarterly loss driven by a $3.7 billion writedown on advance payments for U.S. data center projects, according to The Information.
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South Korea's KOSDAQ surged 4% for the second straight day, reclaiming the 700 level amid government reform expectations.
A sharp technology sector sell-off amplifies financial pressures and scrutiny surrounding SoftBank's ambitious artificial intelligence investments.
SoftBank and ABB are reportedly exploring a China carve-out to salvage a robotics deal after blocks.
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China has officially blocked SoftBank from acquiring ABB's robotics division in a high-stakes corporate deal.
A stratospheric airship completed a trans-Pacific flight from the US to Japan to test high-altitude communications.
SoftBank enters early discussions to acquire security giant Allied Universal in a push combining automation and guard services.
SoftBank eyes a multibillion‑dollar bid for Allied Universal, sparking market jitters and robot‑security speculation.
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Oracle's data center expansion faces turmoil as a force majeure notice and project delays spark broader fears regarding AI infrastructure financing.
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Asia-Pacific markets rise as investors assess renewed Middle East hostilities and fresh crude oil price movements.
SoftBank's SB Energy has filed for a proposed $5 billion IPO while disclosing a substantial dependency on OpenAI.
SoftBank's SB Energy has granted OpenAI $5.5 billion in warrants to secure a long-term data center lease agreement.
Nvidia enters a massive infrastructure expansion with a $1.5 billion investment in SoftBank's data center developer supporting OpenAI.
Nvidia is adjusting its financial backing for a massive OpenAI data center project in Ohio, scaling back guarantees amid evolving risk concerns.
OpenAI reports an annualized revenue run rate topping $40 billion while preparing for an initial public offering.
Asian shares surge as technology stocks rally and oil prices slide amid shifting market sentiment.
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Global markets face a sharp downturn as technology stocks retreat and regional instability impacts oil valuation.
Nvidia is partnering with the Japanese government and industrial giants like SoftBank, Sony, and Honda to build the world's first national AI infrastructure.
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Tech stocks including Oracle face market volatility following reports of a potential delay in the anticipated OpenAI initial public offering.
Hyundai Motor Group is set to acquire full ownership of robotics firm Boston Dynamics as SoftBank divests its remaining stake.
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Global markets react to a tentative peace deal between the U.S. and Iran as oil prices trend downward and stocks surge.