SoftBank writes down more than $3 billion on gas turbines: its bet on AI energy didn't pay off
SoftBank reported a quarterly loss of $7.1 billion, more than half of which came from power generation equipment. For years the company overpaid for turbines for gas power plants, hoping to monopolize part of the energy market for AI data centers, but demand turned out lower than expected.
Otabek Yusupov