SoftBank

Sources say it is working with advisers and could raise as much as US$500 million

Orbital data centres cut electricity costs, but power is a tiny fraction of total operating expense

Changing of the guard underscores how rapidly investor tastes have shifted towards companies that are benefiting from the AI build-out

Investor tastes have shifted towards companies that are benefiting from the AI buildout

The commitment is the Japanese tech conglomerate’s biggest artificial intelligence infrastructure investments in Europe

The company faces massive funding needs tied to AI infrastructure spending and other investments

The scale of the OpenAI wager have raised questions about financial pressures facing the company

Over the medium term, the company will also look to expand into global markets

Valuation concerns over the unlisted tech giant led investors to trim the US$10 billion plan