News / Markets & Policy / Softbank loses $3.7 billion on canceled AI data center gas turbine orders days after denying Elon Musk’s claim it was defaulting

Softbank loses $3.7 billion on canceled AI data center gas turbine orders days after denying Elon Musk’s claim it was defaulting

By The Semiconductor Hub news desk · 2026-11-11

Link post

Softbank loses $3.7 billion on canceled AI data center gas turbine orders days after denying Elon Musk’s claim it was defaulting — Image: Tom's Hardware (opens in a new tab)

SoftBank might not have defaulted on a raft of gas turbine orders, but it has pulled out of deals for unwanted power units after overestimating how many it could use amid the AI data center buildout boom.

Read at Tom's Hardware

Source: Tom's Hardware, published 2026-11-11. The summary is the Hub's own; the full story is at the source. Report a rights or accuracy concern

Comments (0)

Show comments scored at leastScores come from readers and change only what you choose to see.