May. 2 at 2:52 AM
SoftBank Group Corp. is planning to spin off and list a new U.S.-based AI robotics and data center company called Roze, targeting a valuation of շուրջ
$100 billion, according to the Financial Times. The initiative is being driven by founder Masayoshi Son as part of a broader push to offset massive investments in AI.
The move comes amid rising concerns about the sustainability of the global data center boom led by companies like Meta Platforms Inc. and Amazon. com Inc.. SoftBank has made significant bets on AI, particularly through heavy investments in OpenAI, while also positioning Arm Holdings Plc as a potential rival to Nvidia Corp..
To fund its strategy, SoftBank has taken on substantial debt, including a recent
$40 billion loan, partly to support further investment in OpenAI. The company has committed tens of billions more to the ChatGPT developer as it doubles down on AI infrastructure and applications.
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