AI power infrastructure company SB Energy, which is backed by SoftBank, OpenAI, and Nvidia, files for an IPO, and says it is "substantially dependent" on OpenAI (CJ Haddad/CNBC)

SB Energy, an AI power infrastructure company, has filed for an initial public offering (IPO). The company is backed by SoftBank, OpenAI, and Nvidia. According to CNBC, SB Energy stated it is "substantially dependent" on OpenAI.

The company plans to list on Nasdaq under the ticker SBE. Quartz reported that SB Energy aims to raise between $5 billion and $7 billion through the IPO.

No further details about the IPO or the company's financial situation have been provided in the reports.

Brief written by urgent.news from Techmeme, Tom's Hardware, Quartz — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.