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Softbank Group wrote off $3.7 billion due to canceled orders for gas turbines for artificial intelligence data centers, the Wall Street Journal writes. Amidst the technology boom, the company acquired more than 13 gigawatts of capacity, but then abandoned the excess contracts. According to CFO Yoshimitsu Goto, the decision stems from the need to change the holding's aggressive investment strategy.

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Кролик с Неглинной · · Source

🇺🇸 USA · וול סטריט · Map

Softbank Group wrote off $3.7 billion due to canceled orders for gas turbines for artificial intelligence data centers, the Wall Street Journal writes. Amidst the technology boom, the company acquired more than 13 gigawatts of capacity, but then abandoned the excess contracts. According to CFO Yoshimitsu Goto, the decision stems from the need to change the holding's aggressive investment strategy.

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