SoftBank enters the rent-a-GPU race as America looks for support for AI training
ai and ml
Japanese giant needs to find some use for that 10 GW US server farm it is building
SoftBank is set to get into the neocloud business in America, providing resources to hyperscalers and other customers seeking a platform on which to carry out their AI training.
The Japan-based tech investment giant says it will establish a new company called SB Neo, Inc to operate its neocloud business in the US, and expects to start operations in fiscal 2027 (ending March 31, 2028).
In actual fact, ownership of the nascent biz will be split, with 51 percent in the hands of SoftBank Corp, while 49 percent is owned by SoftBank Group Corp. SB Neo will be a consolidated subsidiary of SoftBank Corp, which is itself 40 percent owned by SoftBank Group Corp. All perfectly clear?
Neocloud operators, or rent-a-GPU providers, sprang up to take advantage of the huge...
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