SoftBank launches SB Neo neocloud business in the US to rent AI chips to hyperscalers
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by Mike Wheatley
Summary
Japanese conglomerate SoftBank Group and its telecom subsidiary SoftBank Corp. are launching SB Neo Inc., a new neocloud business in the U.S. that will rent access to AI chips to hyperscalers and other compute-hungry businesses. The move marks SoftBank's entry into the competitive U.S. cloud infrastructure market, targeting the growing demand for AI compute resources.
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Key quotes
· 2 pulledSoftBank Group Corp. and its telecommunications subsidiary SoftBank Corp. are planning to launch a new neocloud business in the U.S. that will rent access to artificial intelligence chips to hyperscalers and other businesses in need of compute resources.
The company said it's going to establish a new entity called SB Neo Inc., which will operate as a neocloud business when it begins operations in
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