SoftBank Corp. and SoftBank Group Corp. are launching a new business unit - SB Neo - that will offer AI cloud services in the US.SB Neo will be established this month and will be 51 percent owned by SoftBank Corp and 49 percent by SoftBank Group Corp. It will operate as a consolidated subsidiary of the former.The neocloud unit will provide AI cloud services to US enterprises and hyperscalers, using SoftBank Group's 10GW energy and AI infrastructure pipeline that is currently under development and expected to end in March 2028.Capacity will be deployed in phases by SB Neo, later covering the full 10GW.In Japan, SoftBank Corp. has been providing a beta version of its GPU cloud service powered by "Infrinia AI Cloud OS," a software stack for AI data centers, since May 2026, offering Kubernetes-as-a-Service and Inference-as-a-Service capabilities from hardware including the Nvidia GB200 NVL72.Junichi Miyakawa, president & CEO of SoftBank Corp., said: "With the strong demand for AI data centers in the United States and the SoftBank Group making steady progress toward securing 10 gigawatts of power, we are partnering with SoftBank Group Corp. to develop our neocloud business in the United States. We also plan to proceed with the construction of gigawatt-scale AI data centers in Japan as soon as preparations are in place."SoftBank subsidiary SB Energy is developing a 10GW data center campus on federal land - owned by the US Department of Energy - at the Portsmouth Site in Pike County, Ohio. The first phase - 800MW - is expected to start operations in 2028, with ground broken on the project in March 2026. Previous reports suggested that OpenAI was in discussions around leasing capacity at the site.The company is also developing OpenAI's 1.2GW data center in Milam County, Texas.SoftBank is in the process of acquiring DigitalBridge, the digital infrastructure investment firm that owns a majority stake in Switch and various others, for $3 billion. This deal covers the DigitalBridge organization itself, not its assets under management, which are valued at $108 billion.