TechCrunch: SoftBank Books Over $3.0B in Losses Related to AI-Powered Gas Turbines
According to TechCrunch, SoftBank has pre-ordered gas turbines for AI data centers, resulting in losses exceeding $3 billion. The report states that SoftBank began paying deposits for turbine orders totaling over 13 gigawatts roughly two years ago, securing capacity nearly 50% higher than required. On Tuesday, the company reported a quarterly loss of $7.1 billion, with more than half stemming from power generation equipment-related losses, and some non-refundable deposits are now considered worthless. The article interprets this as a pricing risk in the rush for AI power infrastructure, while noting that this does not imply large-scale cancellations of natural gas power plants.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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