FILE PHOTO: SoftBank's logo is pictured at a news conference in Tokyo, Japan, Feb. 4, 2021. REUTERS/Kim Kyung-Hoon/File Photo
The group could secure the capital for power-related investments by securing bank loans and tapping other investors, the report added, citing a person with direct knowledge of the discussions.The rapid technological advancements around generative artificial intelligence have spurred growth in energy demand and data center investments.
SoftBank founder Masayoshi Son said last month the group would ramp up its power generation business primarily in the U.S. to supply power to generative AI projects worldwide. The group has also discussed setting up a special purpose company that would buy Nvidia chips with money borrowed from banks. That company would in turn lease the chips to SoftBank, the report added, citing the person.
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