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  • 18 minutes ago
TechCrunch reports that SoftBank announced a $7.1 billion quarterly loss on Tuesday, with more than half tied to power-generating equipment. The investor reportedly put down nonrefundable deposits on more than 13 gigawatts of gas turbines, almost 50% more than it needed, and now considers much of that worthless. Turbine order queues stretch into the early 2030s as AI data centers drive power demand. In February, SoftBank’s SB Energy unit announced a $33 billion, 9.2-gigawatt gas plant, while an industry analyst called the charge price discovery.

Disclosure: This video contains stock footage and content created or enhanced using AI-assisted tools.

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00:00SoftBank just reported a $7.1 billion quarterly loss, and over half comes from power equipment.
00:06Two years ago, SoftBank reportedly put down deposits on more than 13 gigawatts of gas
00:11turbines. That was almost 50% more than it needed. The deposits were non-refundable.
00:17SoftBank now considers much of them worthless. The idea was simple. AI data centers need huge
00:23amounts of power, and turbine queues now run into the early 2030s. Masayoshi Sun wanted to
00:29corner part of that market. SoftBank's SB Energy unit announced a $33 billion, 9.2 gigawatt gas
00:36plant in February. One industry CEO said SB Energy had little choice but to overbook turbines to get
00:42some quickly. He called the charge price discovery finally happening. SoftBank announced the loss on
00:48Tuesday. The energy world was caught off guard by how fast AI power demand rose. Disclosure, this video
00:55contains stock footage and content created or enhanced using AI-assisted tools.

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