SoftBank: 8.8 Gigawatts Secured for AI Infrastructure - Capital Market Experts
Article excerpt
The SoftBank Group is continuing its far-reaching strategy in the field of Artificial Intelligence (AI) with a significant capital market move. Its subsidiary SB Energy officially filed for an initial public offering (IPO) on the Nasdaq technology exchange under the ticker symbol SBE on Wednesday. The company reportedly aims for a valuation of around 50 billion US dollars and plans to raise between 5 and 7 billion US dollars through the issuance of new shares. SB Energy positions itself as a central infrastructure partner for the AI industry, although the company currently does not operate any data centers. According to filings with the US Securities and Exchange Commission (SEC), however, the company has contractually secured capacities of 8.8 gigawatts. The order backlog is estimated at approximately 439 billion US dollars, with the majority attributable to the data center sector. A significant portion of these capacities is reserved for prominent partners: for example, the company plans two locations in Texas, one of which is exclusively designated for OpenAI. The close intertwining with leading AI players is also evident in the financing structure. OpenAI not only acts as a tenant but also holds warrants in SB Energy valued at an estimated 5.5 billion US dollars. Nvidia is also massively supporting the project. The chip manufacturer plans an investment of 1.5 billion US...
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Yesterday, Wednesday, the group sold a 1.5 percent stake in the Indian e-commerce platform Meesho.
