SoftBank enters the rent-a-GPU race as America looks for support for AI training

SoftBank is set to get into the neocloud business in America, providing resources to hyperscalers and other customers seeking a platform on which to carry out their AI training. The Japan-based tech investment giant says it will establish a new company called SB Neo, Inc to operate its neocloud business in the US, and expects to start operations in fiscal 2027 (ending March 31, 2028). In actual fact, ownership of the nascent biz will be split, with 51 percent in the hands of SoftBank Corp, while