SoftBank and OpenAI commit $1bn to SB Energy for US AI data centre push [Yahoo! Finance]
SOFTBANK GRP UNSP/ADR (SFTBY)
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softbank.jp/en/corp/irinfo/presentations
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Source: Yahoo! Finance
The move comes as part of the Stargate Project announced in January 2025. This direct capital infusion is designed to accelerate the expansion of data centre and energy infrastructure to meet surging demand for advanced AI computing power—a sector increasingly seen as foundational to future economic growth. The investment builds upon a much broader, previously pledged $500bn commitment made public at the White House earlier this year. OpenAI has selected SB Energy to construct and manage its 1.2GW data centre in Milam County, Texas, which was previously announced. The site will serve as a central component of OpenAI's infrastructure expansion plans. In addition to providing dedicated facilities for OpenAI, SB Energy is developing several multi-gigawatt data centre campuses across the region. Construction on these initial sites has commenced, with service dates expected from 2026 onwards. The structure of the partnership involves a non-exclusive preferred agreement among
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