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burning money
News

Next For WeWork: Saved By A White Knight Or Sucked Into A Black Hole?

... more in a bid to take a controlling stake. Specifically, SoftBank is putting together a rescue financing plan for WeWork that ... most capital to keep it going. Separate proposals from both SoftBank and JPMorgan will probably be made to WeWork during the ...

Oct 20, 2019
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Adam Neumann, WeWork
News

Adam Neumann Loses His $185M Consulting Deal With WeWork

... .  WeWork's board of directors has been overseen by SoftBank Group after a series of capital investments that culminated in ... of profitability at some point next year, the WSJ reports. SoftBank eventually succeeded in changing the terms of the bailout deal ...

Oct 20, 2020
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OpenAI Pledges To Foot Bill For Generating New Power For Stargate Data Centers
News

OpenAI Pledges To Foot Bill For Generating New Power For Stargate Data Centers

... U.S., the initiative is led by OpenAI, Oracle and SoftBank, with a range of major tech and investment players also ...

Jan 22, 2026
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Headshot of Robbie Baty of HPI
News

Robbie Baty Moves To HPI To Launch Dallas Tenant Advisory Group

... high-profile Stargate data center backed by Oracle, OpenAI and SoftBank is also slated to be constructed in Abilene.

Jan 07, 2026
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Google To Expand Data Center Campus South Of Dallas
News

Google To Expand Data Center Campus South Of Dallas

... for the Stargate data center backed by Oracle, OpenAI and SoftBank in Abilene.  Another huge data center is planned for rural ...

Dec 10, 2025
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Sam Altman, CEO of OpenAI, speaks at TechCrunch event in 2019.
News

OpenAI Reportedly Faces $200B Funding Gap For Data Center Plans

... OpenAI’s Stargate data center development partnership with Oracle and SoftBank. This includes its nonbinding commitment to purchase 10 GW of ...

Dec 01, 2025
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CRE Startups Have Eased Off The Gas Pedal Despite Record Investment
News

CRE Startups Have Eased Off The Gas Pedal Despite Record Investment

... equity and debt investment into the arena topped $31B. SoftBank CEO Masayoshi Son took some responsibility for pushing WeWork to ... Two of the startups that have gotten capital infusions from SoftBank's venture-oriented Vision Fund, Oyo and Compass, have ...

Jan 28, 2020
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Server racks in data centers
News

Related Building $7B Data Center As Part Of Oracle And OpenAI's Stargate

... multiple markets, the initiative is led by OpenAI, Oracle and SoftBank, with a range of major tech and investment players, like ...

Nov 03, 2025
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OpenAI Ramps Up Data Center Development Plans Even More
News

OpenAI Ramps Up Data Center Development Plans Even More

... part of its $500B Stargate development partnership with Oracle and SoftBank.  Vantage Data Centers announced plans in August to invest more ...

Oct 07, 2025
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Abandoned Factory
News

Old Factories, Empty Offices Help Fuel Midwest Data Center Building Boom

... other infrastructure developed for the Chinese firm. In Lordstown, Ohio, SoftBank acquired an existing Foxconn factory that it plans to convert ...

Oct 05, 2025
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