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SoftBank’s billion-dollar loss may have put a cap on AI’s natural gas ambitions
SoftBank might not be the first to invest in a hot trend, but when it does, it goes big.
AI Summary
SoftBank reported a loss of more than $3 billion after pre‑ordering natural‑gas turbines intended to power its AI data centers. The company’s decision to invest heavily in gas‑fired generation for AI workloads has exposed it to significant financial risk. The loss highlights the broader challenge for power markets as firms seek to secure reliable, low‑carbon energy sources for expanding AI infrastructure.
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