SoftBank to Invest in US Power Generation for AI Projects

June 21, 2024

SoftBank Group, led by founder Masayoshi Son, plans to expand its power generation business to support generative artificial intelligence projects globally. The company’s renewable energy arm, SB Energy, will focus on developing and operating electricity businesses across the US. This move aims to provide a stable power supply for AI initiatives. Additionally, SoftBank Group will seek new investment opportunities outside of Japan, with Son highlighting the potential for growth in AI areas.