AnalysisBusinessNovember 12, 2026

SoftBank's $3B turbine bet backfires as AI gas demand cools

Read original source →techcrunch.com

SoftBank put nonrefundable deposits on over 13 gigawatts of gas turbines — nearly 50% more than needed — and wrote off over $3 billion of it. The charge made up more than half of a $7.1 billion quarterly loss.

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