Masayoshi Son originally envisioned a $1T industrial city the size of Los Angeles in the Arizona desert.
SoftBank had already invested significantly in data centers before this new deal was announced.
SoftBank, OpenAI and Oracle committed to invest $100B in AI infrastructure, but the latter two firms have since moved forward with large deals without SoftBank.
The digital infrastructure investor has $108B in assets under management and is trading on public markets at a valuation under $3B amid AI bubble fears.
Investors say the growth-at-all-costs model demonstrated by SoftBank Vision Fund adds so much risk to the market its involvement alone throws up a red flag.
Lendlease is moving into the U.S. market by leveraging its existing relationship with Softbank.
Though talks have not been finalized, multiple outlets have reported that SoftBank and The We Company have come to a buyout agreement worth up to $8B.
A real estate startup with designs on being a tech company expanded rapidly thanks to investment from SoftBank, and is now in turmoil. This time it's Compass.
The Special Committee for The We Company Board of Directors filed a suit asking the court to force the deal through.
REEF Technology, a SoftBank-backed company that operates ghost kitchens out of trailers, is experiencing growing pains familiar to SoftBank-affiliated startups.
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