SoftBank's AI expansion moves into power plants and data centers through SB Energy

Nikkei Asia reports that SB Energy is central to SoftBank's shift from tech investing toward building power plants and data centers for AI. The company is one of the developers of a planned $33 billion gas-fired power complex in Piketon, Ohio, intended to serve a data center campus. SB Energy has 8.8 gigawatts of contracted data center capacity, much of it intended for OpenAI, but none of its data centers is operational. Its planned Nasdaq listing has been delayed.