SoftBank Group is creating a new US company, SB Neo, to rent AI computing infrastructure starting in July 2026, targeting the fast-growing AI cloud market currently led by CoreWeave and Nebius.
The move positions SoftBank as a new competitor offering compute resources to businesses and developers who need AI processing power on demand.
What happened
SoftBank Group and its telecom subsidiary SoftBank will establish a new US company called SB Neo in July 2026 to rent out AI computing resources, directly competing with existing providers CoreWeave and Nebius in the AI cloud market.
Why it matters
The move signals SoftBank's push into a fast-growing segment of cloud infrastructure. For businesses and developers relying on AI compute resources, a new entrant may expand options in a market currently dominated by a few players.
What to watch
SB Neo launches in July 2026. The company will operate in the US market, where demand for rented AI computing capacity continues to grow.
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