SoftBank Eyes AI Boom: Potential Switch Acquisition

SoftBank Group, under Masayoshi Sons leadership, is exploring a potential acquisition of data center operator Switch Incorporated to bolster its AI strategy. This move follows SoftBanks recent talks with DigitalBridge Group, one of Switchs private equity backers. The company aims to secure a foothold in the AI sector by controlling key digital infrastructure, as seen in its Stargate project and Ampere Computing acquisition. Despite no final agreement for Switch, SoftBanks aggressive AI investments have boosted investor confidence, with shares nearly doubling this year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.