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SoftBank Seeks Stake in Japan’s Top Utility to Power AI Boom

SoftBank Seeks Stake in Japan’s Top Utility to Power AI Boom
Bloomberg Markets Wednesday 24 June 2026, 04:22 UTC By Min-Jeong Lee 1 min read
Key Points

SoftBank Seeks Stake in Japan’s Top Utility to Power AI Boom SoftBank Group Corp. is looking to invest in Japan’s biggest power utility to help secure the electricity needed to expand in artificial intelligence, the company’s chief executive officer said. The telecoms unit of SoftBank is seeking a stake in Tokyo Electric Power Co., Masayoshi Son told shareholders on Wednesday. Having Tepco — as the utility is known — within SoftBank’s sphere of influence would help the firm push into AI data...

SoftBank Seeks Stake in Japan’s Top Utility to Power AI Boom SoftBank Group Corp. is looking to invest in Japan’s biggest power utility to help secure the electricity needed to expand in artificial intelligence, the company’s chief executive officer said. The telecoms unit of SoftBank is seeking a stake in Tokyo Electric Power Co., Masayoshi Son told shareholders on Wednesday. Having Tepco — as the utility is known — within SoftBank’s sphere of influence would help the firm push into AI data centers, which require large amounts of power, he said. [Image text:] SoftBank Group
SoftBank Seeks Stake (ORG) Japan (LOCATION) SoftBank Group Corp. (ORG) SoftBank (ORG) Tokyo Electric Power Co. (ORG) Masayoshi Son (PERSON) Tepco (LOCATION) AI (ORG)
Originally published by Bloomberg Markets Read original →

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