SoftBank to Invest $500 Billion in Ohio Data Center
SoftBank Group Corp., led by CEO Masayoshi Son, has announced plans to invest $500 billion in a large data center project in Pike County, Ohio, which broke ground on March 20, 2026. The development, part of a broader $550 billion investment commitment from Japan, aims to create a campus with a capacity of 10 gigawatts, employing 35,000 construction workers at its peak and 2,500 for ongoing operations. This initiative is linked to the U.S. government's efforts to enhance national artificial intelligence infrastructure.
Senators Investigate Nvidia's $20 Billion Deal with Groq
Nvidia Corp.'s $20 billion licensing deal with AI startup Groq is under investigation by Senators Elizabeth Warren and Richard Blumenthal for potential antitrust violations. The senators expressed concerns that the agreement, which includes a non-exclusive license to Groq's intellectual property and the hiring of key personnel, may have been structured to circumvent merger review processes and could further consolidate Nvidia's market power in AI computing. They have requested detailed information about the deal from Nvidia's CEO Jensen Huang.
XPeng posts first quarterly profit amid rising sales
Chinese electric vehicle maker XPeng reported its first-ever quarterly profit of 383.21 million yuan ($55.5 million) for the October-December period, a significant turnaround from a loss of 1.33 billion yuan a year ago. This profit was driven by a 30% increase in vehicle sales to 19.07 billion yuan ($2.77 billion), bolstered by strong demand for its higher-margin P7 model and technology partnerships, including a collaboration with Volkswagen. XPeng anticipates first-quarter revenue between 12.20 billion yuan and 13.28 billion yuan, below analysts' expectations.
NextEra Energy to Develop 10 Gigawatts of Capacity
NextEra Energy Inc. has received approval from President Donald J. Trump to develop up to 10 gigawatts of natural gas-fired generation capacity in Texas and Pennsylvania. This initiative, part of a $550 billion investment commitment from Japan, aims to meet rising electricity demand from data centers and advanced manufacturing without increasing residential electricity bills. The projects will be built and operated by NextEra Energy and are designed to enhance the U.S. industrial base while ensuring energy security.
Goldman Sachs Counsel Resigns Amid Epstein Controversy
Kathy Ruemmler, the general counsel of Goldman Sachs, resigned due to her connections to Jeffrey Epstein and is set to receive a $25 million payout in 2025. This follows a series of testimonies from Epstein's associates, including his longtime attorney Darren Indyke, who stated before a House committee that he was unaware of Epstein's sexual abuse of underage girls during the time it occurred.
X-Energy Files for US IPO to Expand Nuclear Capacity
X-Energy, a nuclear reactor developer, has filed for an initial public offering in the United States, aiming to list its Class A common stock on the Nasdaq under the ticker symbol 'XE.' The company is developing over 11 gigawatts of new nuclear capacity through partnerships in the U.S. and the U.K., and plans to deploy small modular reactors in Pennsylvania in collaboration with Talen Energy. X-Energy raised $700 million in 2025 from investors including Amazon and Jane Street to support its reactor design and licensing efforts.
