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SoftBank Reports First Net Loss in Nearly Two Years on Data Center Writedown

SoftBank posted its first net loss in almost two years, around $7 billion, after taking a $3.7 billion writedown on US data-center projects and canceling gas turbine orders it had overestimated needing for the AI buildout.

Read the full story at Bloomberg AI ↗

Timeline · 3 reports

  1. 2026-11-12 13:28 · Futurism
    SoftBank Loses $7 Billion as AI Data Centers Turn Out to Be Risky Investment
  2. 2026-11-11 14:29 · 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
  3. 2026-11-10 06:35 · Bloomberg AI
    SoftBank Loses $7 Billion After Data Center Writedown

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  1. SoftBank, Grab, PETROS commit $1.85 billion to Malaysian AI infrastructure — DigiTimes Asia
  2. SoftBank Group sinks into losses as AI hopes falter — AP News
  3. SoftBank posts $7.1bn quarterly loss after $3.7bn writedown on US AI data centre power gear — The Next Web
  4. SoftBank denies Musk default claim, books JPY597.2B data-center loss — DigiTimes Asia
  5. SoftBank Leads $500 Million Round Valuing Agile Robots at $8.5 Billion — Bloomberg AI
  6. SoftBank posts JPY768 billion first-half loss on AI investment hit — DigiTimes Asia
  7. Agile Robots Raises $500M Series F at $8.5B Valuation to Expand Production — Unite.AI
  8. Grab and SoftBank to invest $1.85 billion in Malaysia AI infrastructure — DigiTimes Asia

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