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SoftBank books $3.7B charge after failed gas turbine push for AI

SoftBank took a $3.7 billion charge following a failed move into gas turbines for AI infrastructure, according to the FT.

An industrial power plant at night under a full moon
An industrial power plant at night under a full moon. Photo: American Public Power Association, via Unsplash

What we know

Market news accounts, citing the FT, report that SoftBank booked a $3.7 billion charge after a failed push into gas turbines for AI infrastructure.

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@FirstSquawk

“SoftBank Books $3.7 Billion Charge Following Failed Push Into Gas Turbines For AI Infrastructure - FT”

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By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.