SoftBank’s Stargate venture hits snags amid tariff fears, Bloomberg reports

SoftBank Group’s (SFTBY) plans to invest $100B in AI infrastructure in the U.S. have slowed due to economic risks from Washington’s tariffs, holding up financing talks, Bloomberg’s Min Jeong Lee and Anto Antony report. Preliminary talks with lenders and investors have begun but no deals have been made, as financiers reassess data centers amid growing economic volatility and cheaper AI services. SoftBank is building a team to focus on the Stargate project and is courting banks and debt investors, but uncertainty is weighing on talks due to tariff discussions, fears of overcapacity, and disruptions at Microsoft (MSFT)-backed OpenAI.