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Softbank loses $3.7 billion on canceled AI data center gas turbine orders days after denying Elon Musk’s claim it was defaulting | News.gg

Wednesday, November 11, 2026Coverage from every side, on News.ggInternational Edition

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Published 7 hours ago · Tom's Hardware · Updated 5 hours ago

SoftBank swings to $7 billion quarterly loss amid AI concerns

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SoftBank might not have defaulted on a raft of gas turbine orders, but it has pulled out of deals for unwanted power units after overestimating how many it could use amid the AI data center buildout boom.

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Tom's HardwareFactualityFactuality is a Premium featureHow reliably the outlets covering this story report facts, based on their track record of accuracy and corrections.

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Softbank loses $3.7 billion on canceled AI data center gas turbine orders days after denying Elon Musk’s claim it was defaulting

SoftBank might not have defaulted on a raft of gas turbine orders, but it has pulled out of deals for unwanted power units after overestimating how many it could use amid the AI data center buildout boom.

By Oliver Haslam · Nov 11, 2026, 2:29 PM UTC

Read full article at Tom's Hardware

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Tom's HardwareFactualityUnrated
Softbank loses $3.7 billion on canceled AI data center gas turbine orders days after denying Elon Musk’s claim it was defaulting
SoftBank might not have defaulted on a raft of gas turbine orders, but it has pulled out of deals for unwanted power units after overestimating how many it could use amid the AI data center buildout boom.
7 hours ago · tomshardware.com · You are reading this one

Coverage Details

Total News Sources: 20
Leaning Left: 5
Leaning Right: 0
Center: 10
Last Updated: 5 hours ago
Bias Distribution: 67% Center

Bias Distribution

• 67% of the sources are Center

L 33%

C 67%

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