softbank group announced today It plans to spend up to €75 billion (about $87 billion) to expand data center capacity in France. The goal is to develop and operate up to 5 gigawatts of additional data center capacity, the company said. The first phase of the plan involves the construction of data centers in Dunkirk…
Tech companies are racing to build the infrastructure that can fuel the automation boom. Now, Japanese multinational SoftBank is reportedly planning to create a new company designed to automate the creation of that infrastructure. SoftBank is setting up a new business called Rose AI, Financial Times Originally reported. According to the Wall Street Journal, Rose…
Japan’s leading mobile payment app PayPay Allegedly Postponed its US IPO due to market volatility and recent conflict in the Middle East. The company was planning to release its IPO price range on Monday, March 2. According to a Bloomberg report, PayPal was aiming for a valuation of at least ¥1.5 trillion ($10 billion). PayPay…
SoftBank subsidiary SB Energy is expected to build a 9.2 gigawatt natural gas-fired power plant on the Ohio-Kentucky border. report From Bloomberg. If completed, it would be the largest power plant in the US, capable of powering approximately 7.5 million homes. With a price tag of $33 billion, the project will be more expensive than…
SoftBank and OpenAI announced A new 50-50 joint venture To sell enterprise AI tools under the “Crystal Intelligence” brand in Japan this week. On paper, it’s a straightforward international expansion deal. But SoftBank’s role as a major investor in OpenAI is raising questions about whether the biggest AI deals are creating real economic value or…
Openi Announced On Tuesday, it plans to build five new AI data centers in the United States, which through its Stargate project with partners with Oracle and SoftBank. The new data center will bring the planned capacity of Stargate to seven gigawatts – enough energy for electricity in more than five million homes. Three of…
