Japanese entrepreneur, investor and philanthropist; founder/CEO of SoftBank Group
Fredrik Eklund has built a $15m–$25m art collection while continuing to sell luxury homes and work with celebrity clients. Separately, a global data‑centre firm has hired Citigroup and has started marketing stakes in a U.S. development vehicle to long‑term investors and may expand the offering or add a credit facility.
Federal regulators have issued orders to regional grid operators to speed connections for large data centers while requiring transparency and rules to prevent ratepayers from subsidising grid upgrades. Tech firms and energy officials are defending faster hookups and new cooling tech; communities and experts are warning about water, electricity and local costs as data‑center buildouts surge.
SoftBank founder Masayoshi Son has argued that building data centers in space will not meaningfully cut costs and will be difficult to implement soon. Earth-based compute remains central to winning the AI race, according to his remarks at a SoftBank shareholder meeting, with space infrastructure posing higher upfront costs and logistical challenges.
The AI industry has reached a tipping point as hyperscalers project rising returns from chips and data centers. New analyses forecast trillions in 2026 revenue to justify the AI build-out, even as token costs and cheaper models pressure profitability.
This week has seen major moves in AI infrastructure financing and buildouts. SpaceX has released renderings for Terafab, a more-than-100-million-square-foot semiconductor factory it plans in Texas that it values at at least $16.8bn for the initial phase. Separately, Nvidia has been reported to be negotiating a $250bn guarantee to back OpenAI’s proposed 10-gigawatt Ohio data‑centre lease and construction debt.
U.S. District Judge Nicholas Garaufis has dismissed conspiracy, securities and wire fraud charges against Indian billionaire Gautam Adani and his nephew Sagar Adani with prejudice. The case, tied to a 2024 indictment over alleged bribes and misled investors, has been officially closed; prosecutors questioned the unusual process used to reach the dismissal.