AI infrastructure joint venture
Appears in 4 stories · Last updated Oct 29, 2026
Flagship expansion canceled; broader buildout continuing at reduced scale
In November 2025, Sam Altman told the world OpenAI had $1.4 trillion in data center commitments. Now the company is telling investors the real number is $600 billion — and that it would rather rent computing power than build its own facilities. The retreat, disclosed to investors in February 2026 and detailed publicly on March 22, marks the sharpest pivot in the short history of the artificial intelligence spending boom.
Updated Oct 29
Vehicle for the broader U.S. AI buildout SoftBank is financing alongside OpenAI
SoftBank finished paying for its OpenAI stake on October 1, sending the last $10 billion tranche for a total of $64.6 billion and about 13% of the company. It raised the cash in September with an $11.1 billion bond sale and an $11.9 billion loan, then retired the $40 billion bridge facility it had used to buy the shares.
Updated Oct 23
As of May 2026: Building AI infrastructure nationwide
The White House mobilized America's 17 national laboratories and major tech companies—OpenAI, Anthropic, Google, Microsoft, NVIDIA. The Genesis Mission aims to double US research productivity in a decade by connecting supercomputers, quantum systems, and AI into one discovery platform. Energy Secretary Chris Wright announced 24 corporate partners at a January 11 summit.
Updated May 20
As of May 2026: Rapidly expanding to 7 GW capacity across multiple sites; on track for 10 GW and $500B total by year-end 2025
SoftBank just agreed to pay $4 billion for DigitalBridge, the alternative asset manager that controls $108 billion in data centers, cell towers, and fiber networks across three continents. It's the latest—and clearest—signal that Masayoshi Son is betting SoftBank's future on owning the physical infrastructure that powers AI, not just the software running on top of it. The timing is no coincidence: SoftBank is racing to secure $22.5 billion by year-end 2025 to meet its Stargate funding commitment to OpenAI.
Updated May 16
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