GoKawiil
Tech News
SoftBank reported a $7.1 billion quarterly loss, with more than half tied to power-generation equipment. The company had put nonrefundable deposits on over 13 gigawatts of natural gas turbines—roughly 50% more than needed—to secure supply for projects like SB Energy's planned 9.2-gigawatt plant, and now considers much of that spending a write-off.
SB Energy, a data center infrastructure company backed by SoftBank, Nvidia and OpenAI, has filed for an initial public offering with the SEC. The filing discloses net losses of about $3.2 billion for the first half of 2026 against roughly $139 million in revenue, mostly from its legacy energy business, while none of its planned AI data centers are yet operational.
SB Energy, a SoftBank-owned data-center developer, offered OpenAI a discount valued at $5.5 billion as part of an agreement to build data-center capacity together. The concession strengthens the financial relationship between SB Energy and OpenAI as they work to develop new infrastructure projects.