Japan’s second-richest man drops $50 billion plan to buy US company

2026-01-27 - 02:03

Japan's second-richest man, Masayoshi Son, has reportedly halted $50 billion acquisition talks for US data center firm Switch Inc. This move impacts SoftBank's ambitious Stargate AI infrastructure plans, which aimed to power OpenAI. While a full takeover is off, discussions for a partial investment or partnership continue, as SoftBank doubles down on AI investments.