SoftBank said it notched a gain on investment at its Vision Funds of 434.9 billion yen in the fiscal year, a 40% fall from the 724.3 billion yen booked in the previous year. The Vision Fund segment overall logged a pretax loss of 115.02 billion yen ($777.7 mllion) versus a profit of 128.2 billion yen in the previous fiscal year. For the latest fiscal year, SoftBank saw gains on its investments in Chinese ridehailing company Didi as well as South Korean e-commerce firm Coupang. However, the performance of it ...

市场消息：软银集团愿景基金2024全年亏损1150.2亿日元。 ...

智通财经5月13日电，软银集团愿景基金2024全年亏损1150.2亿日元。 ...

软银集团第四财季净利润5,171.8亿日元，预估亏损1,081.1亿日元。 软银集团第四财季股息22.00日元。 软银集团预计全年股息44.00日元，市场预估48.55日元。 软银集团全年净利润1.15万亿日元，预估7,096.9亿日元。 软银集团全年销售净额7.24万亿日元，预估7.16万亿日元。 ...

Core Insights - SoftBank and OpenAI plan to invest $100 billion in AI infrastructure in the US as part of the Stargate project, but the initiative has faced delays due to concerns over President Trump's tariffs potentially increasing costs [1][3] - The initial promise was to deploy $100 billion and raise it to $500 billion over four years, with early-stage talks held with various lenders and asset managers [2] - The project aims to build up to 20 large data centers across the US, with SoftBank managing the financing and a dedicated team to expedite the project [4] Investment Challenges - No deals have been finalized due to high tariffs and recession warnings causing investor hesitance towards expensive data center projects [3] - Import taxes could increase data center construction costs by 5% to 15%, according to analysis [3] Competitive Landscape - The emergence of China's DeepSeek AI model, which reportedly required less time and funding, raises questions about the viability of multi-million dollar data center investments [5] Project Development - Progress has been made on Stargate, with the first data center site in Abilene, Texas, being developed by Oracle, which is expected to be the largest AI training facility globally [9][10] - OpenAI is also facing legal challenges from Elon Musk regarding its restructuring plans, which adds complexity to its operations [10][14]

Core Insights - SoftBank's ambitious $100 billion AI infrastructure investment plan, "Stargate," is facing significant obstacles due to tariff threats from the Trump administration, leading to stalled financing negotiations [1] - The plan was announced in January by SoftBank's founder Masayoshi Son and OpenAI co-founder Sam Altman, with intentions to deploy $100 billion immediately and potentially expand to $500 billion over time [1] - As of now, SoftBank has not established a financing template or engaged in detailed discussions with banks, private equity investors, or asset management firms [1] Group 1 - The initial discussions with lenders and alternative asset management firms began earlier this year, but no deals have been reached due to economic volatility and the emergence of cheaper AI services [2] - Trump's trade policies have severely disrupted financial forecasts for AI, with rising capital costs and concerns about a potential global recession affecting data center demand [2] - Data center construction costs are projected to increase by 5% to 15% due to higher tariffs on components, compounding the existing cost pressures on AI infrastructure projects [2] Group 2 - The emergence of more efficient and cheaper AI models, such as China's DeepSeek, raises concerns about the long-term profitability of projects associated with OpenAI [3] - Investors are beginning to realize that AI models are not a scarce resource, leading to price wars that could erode profit margins and diminish the commercial rationale for large-scale data center construction [3] Group 3 - Despite the challenges, SoftBank is continuing to push forward with the Stargate plan, having formed a dedicated team of 20 to 30 people within its Vision Fund to accelerate the rollout of large-scale data centers [4] - Supporters of the Stargate plan include Oracle and Mubadala's MGX, with SoftBank seeking backing from banks and debt investors, including pension funds and insurance companies [4] - The plan involves SoftBank providing a small equity stake of about 10% to 20%, accompanied by substantial debt financing, including mezzanine debt and preferred loans [4] - Uncertainty is impacting negotiations, and the stagnation may indicate a cooling of the overall AI infrastructure boom, potentially affecting the recent surge in tech stocks driven by AI enthusiasm [4]

软银与OpenAI的"星际之门"项目因经济风险担忧遇阻 金十数据5月12日讯，据外媒报道，软银集团在美国投资1000亿美元人工智能基础设施的计划已经放 缓，关税带来的经济风险阻碍了融资谈判。软银创始人孙正义和OpenAI联合创始人阿尔特曼今年1月公 布了"星际之门"项目（Stargate），承诺"立即"开始投入1000亿美元，并逐步将其规模增至5000亿美元 左右。但三个多月过去了，软银仍未制定出项目融资模板，也未与银行、私募股权投资者和资产管理公 司展开详细讨论。据知情人士透露，随着经济波动加剧和人工智能服务价格下降，金融家重新评估数据 中心，因此没有达成任何交易。资本成本上升以及对全球经济衰退可能削弱数据中心需求的担忧，导致 相关讨论陷入僵局。 ...

软银集团(SoftBank Group Corp.)计划向美国人工智能基础设施投资1000亿美元，然而由于华盛顿方面的 关税所带来的经济风险，该计划已放缓，相关融资谈判也受到了影响。与贷款机构和投资者的初步谈判 已经启动，但尚未达成任何交易，因为金融家们在经济波动性加剧以及人工智能服务价格走低的情况 下，正在重新评估数据中心项目。软银正在组建一个团队专注于"星门"(Stargate)项目，并且正在与银行 和债券投资者接触，但由于关税方面的讨论、对产能过剩的担忧以及OpenAI方面的动荡，不确定性给 谈判带来了压力。 ...

市场消息：软银与OpenAI的1000亿美元合资项目遭遇资金障碍。软银尚未开始关于"星际之门"债务融 资的详细谈判。 订阅人工智能动态 +订阅 ...

智通财经5月12日电，据报道，软银与OpenAI投资1000亿美元的合资企业遭遇融资障碍。 ...