SoftBank’s Son: will ramp up US power business for generative AI

TOKYO, June 20 (Reuters) – Japan’s SoftBank Group
will ramp up its power generation business primarily in
the United States to supply power to generative artificial
intelligence projects worldwide, founder Masayoshi Son said on
Thursday.

SoftBank Group-backed SB Energy develops and operates
renewable electricity businesses across the United States.

Son also said the group will look for “seeds of new
evolution” of investments, mainly outside Japan.

He was speaking at the annual shareholder meeting of the
group’s telecom arm SoftBank Corp, where he is a board
member.
(Reporting by Miho Uranaka; Writing by Kantaro Komiya; Editing
by Jamie Freed)