AINewsnow

SoftBank takes multibillion-dollar losses after canceling AI data center gas turbine orders

SoftBank has pulled out of gas turbine orders for AI data centers, losing $3.7 billion on canceled deals after overestimating its power needs, with some reports putting total losses at $7 billion.

Read the full story at Tom's Hardware ↗

Timeline · 2 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

More stories

  1. TSMC and SoftBank Results Highlight a Widening Gap Between AI Winners and Losers — Barron's
  2. SoftBank takes $3.7bn charge after failed bet on gas turbines for AI data centres — Financial Times AI
  3. SoftBank takes $3.7 billion earnings hit after cancelling gas equipment orders — Semafor Technology
  4. SoftBank's billion-dollar loss may have put a cap on AI's natural gas ambitions — TechCrunch AI
  5. Tech Giants Back German Robotics Start-Up Agile Robots at $8.5 Billion Valuation — New York Times AI
  6. SoftBank's $4 billion turbine setback rattles AI data center buildout trade — Reuters AI
  7. SoftBank reserved 13GW+ of turbines for AI power, took $3.7B hit from cancellations — Techmeme
  8. SoftBank takes $7 billion hit on US AI data centre investments — Analytics India Magazine

Get the daily brief of stories like this at 6:30 every morning →