Business2 sources
Sources: SoftBank reserved 13GW+ of turbines, equivalent to six Hoover Dams, to power AI; SoftBank took a $3.7B earnings hit mostly from canceled reservations (Wall Street Journal)
Techmeme ·
The Brief · written from 2 sources
- SoftBank reserved more than 13GW of gas turbines to power AI data centers, equivalent to six Hoover Dams, according to the Wall Street Journal.
- SoftBank took a $3.7 billion earnings hit, mostly from canceled turbine reservations.
- Tom's Hardware reports the cancellations came days after SoftBank denied Elon Musk's claim that it was defaulting.
Why it matters
The story shows how large AI infrastructure commitments, such as reserved power generation capacity, can be reversed and generate large financial losses, which affects planning for data center and power supply projects.
Who’s affected
- Data center operators and AI infrastructure teams
- Gas turbine supply chain stakeholders
- #ai infrastructure
- #data centers
- #gas turbines
- #softbank
- #energy
Wall Street Journal : Sources: SoftBank reserved 13GW+ of turbines, equivalent to six Hoover Dams, to power AI; SoftBank took a $3.7B earnings hit mostly from canceled reservations — SoftBank reserved enough gas turbines to generate the power of six Hoover Dams. It cost the…
Timeline
SoftBank's $3.7B earnings hit from canceled turbine reservations reported
Techmeme
Sources: SoftBank reserved 13GW+ of turbines, equivalent to six Hoover Dams, to power AI; SoftBank took a $3.7B earnings hit mostly from canceled reservations (Wall Street Journal)
Latest from Tom's Hardware
Softbank loses $3.7 billion on canceled AI data center gas turbine orders days after denying Elon Musk’s claim it was defaulting
Full coverage · 2 sources
- 1h ago ↗
Latest from Tom's Hardware
Softbank loses $3.7 billion on canceled AI data center gas turbine orders days after denying Elon Musk’s claim it was defaulting - 4h ago ↗
Techmeme
Sources: SoftBank reserved 13GW+ of turbines, equivalent to six Hoover Dams, to power AI; SoftBank took a $3.7B earnings hit mostly from canceled reservations (Wall Street Journal)