Founder Masayoshi Son announced that Japan's SoftBank Group plans to expand its power generation business in the US to support global generative AI projects. SB Energy, backed by SoftBank, focuses on developing and operating renewable energy projects across the US. The initiative aligns with SoftBank's strategy to explore new investment opportunities outside Japan.

Why does it matter?

At the annual shareholder meeting of SoftBank Corp, the group's telecom arm, Son highlighted the importance of seeking innovative investments. He emphasised that SoftBank's future growth would rely on identifying and nurturing emerging technologies and markets beyond Japan.

The current strategy reflects SoftBank's commitment to advancing its global presence and influence in the tech and renewable energy sectors.