SoftBank is creating a new cloud business called SB Neo, aiming to serve U.S. hyperscalers and enterprises with in-demand AI infrastructure. SB Neo is set to be launched this month and is aiming to scale its available capacity in phases to 10 gigawatts.
SoftBank Corp. will own 51% of SB Neo, with SoftBank Group owning the remaining 49%.
“With the strong demand for AI data centers in the United States and the SoftBank Group making steady progress toward securing 10 gigawatts of power, we are partnering with SoftBank Group Corp. to develop our neocloud business in the United States," SoftBank Corp. CEO Junichi Miyakawa, said in a statement. "We also plan to proceed with the construction of gigawatt-scale AI data centers in Japan as soon as preparations are in place.”
The move comes after SoftBank Corp launched a beta version of a GPU cloud service called “Infrinia AI Cloud OS” in Japan in May.
Read the full press release here.