SoftBank takes $3.7 billion hit after over-ordering turbines for AI data centers

First reported by MarketWatch at Tue 9:30 AM · 3 outlets in all

1. Crypto Briefing32mSoftBank takes $3.7 billion hit after over-ordering turbines for AI data centersSoftBank's financial setback highlights the risks of overestimating infrastructure needs in rapidly evolving tech sectors like AI.
2. TechRadar3hSpaceX plans massive $24 billion gas-powered Texas data center — application for 35 natural gas turbines and a capacity of 748 megawatts comes despite rising opposition in the stateSpaceX plans a $24 billion AI complex supported by 35 gas turbines generating 748 MW amid opposition and permitting concerns.
3. MarketWatch31hElon Musk was half right in his comment last week about SoftBank backpedaling on a gas-turbine orderElon Musk in a social-media post last week said that SoftBank “defaulted” on a gas-turbine order. The truth, revealed Tuesday in the Japanese’s investment company’s second-quarter earnings, wasn’t far off.