{
  "id": 19656341,
  "title": "SoftBank Loses $7 Billion as AI Data Centers Turn Out to Be Risky Investment",
  "url": "https://urgent.news/2026/11/12/softbank-loses-7-billion-as-ai-data-centers-turn-out-to-be-risky",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-12T13:28:27.000Z",
  "source": {
    "name": "Futurism",
    "slug": "futurism",
    "url": "https://futurism.com/future-society/softbank-billion-loss-ai-data-centers-financing"
  },
  "original_language": "en",
  "account": "SoftBank, the Japanese firm formerly known for its backing of WeWork, is reportedly facing a $7 billion loss amid the AI data center industry's uncertain future. SoftBank's involvement in OpenAI, the company behind the popular ChatGPT artificial intelligence software, has been a major contributor to the financial troubles. The investment firm had provided over $60 billion in high-risk debt financing to OpenAI, resulting in the first quarterly loss in two years for SoftBank. At least $3.7 billion of the loss is believed to be directly linked to a massive OpenAI data center project in Ohio, initially attributed to financing for existing and planned data center projects. However, SoftBank later retracted this claim, stating the losses are unrelated to any dealings in Ohio. The $7 billion loss is in stark contrast to SoftBank's previous profits, including $2.17 billion in the preceding quarter and a staggering $15.64 billion profit in Q3 2025. Shares of the struggling company have plummeted by nearly 50 percent since June, as investors become increasingly wary of the AI industry's viability. To continue investing in AI, SoftBank has turned to junk bonds, raising over $11 billion in non-investment grade bonds in September. This has made SoftBank the world's record holder for the largest corporate junk bond offering. With its financial foundation appearing shaky, it's no wonder SoftBank CEO Masayoshi Son dismisses the AI bubble as a myth, warning of potential mega-trouble for the Japanese investment firm.",
  "summary": "Who could've saw this coming? The post SoftBank Loses $7 Billion as AI Data Centers Turn Out to Be Risky Investment appeared first on Futurism .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}