OpenAI and SoftBank say they will each invest $500M in SB Energy to support the infrastructure company's growth as a data center developer and operator
OpenAI and SoftBank Group Corp. have jointly invested $1 billion in SB Energy, an infrastructure company that's working with the tech firms …
Bloomberg
Related Coverage
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- Thrilled to share our expanded partnership with OpenAI!! — ✅ SB Energy will build and operate a 1.2GW AI Data Center for OpenAI in Texas … David Fernandes
- OpenAI and SoftBank Group Corp. are investing $1 billion in SB Energy to support our growth as a leading development and execution partner for data center campuses. … SB Energy
- At SB Energy, we have been building our infrastructure team for years to responsibly develop, build, and operate the future of AI data centers and energy infrastructure. … Rich Hossfeld
- OpenAI, SoftBank invest $1b in SB Energy as Stargate buildout expands Reuters
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Discussion
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@edzitron.com
Ed Zitron
on bluesky
What rocks about this is that SoftBank just sent $22.5bn to OpenAI, at which point OpenAI then sent $500 million (if any cash changed hands!) right back to a SoftBank company. Greensill 2: The Reckoning