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    "headline": "SoftBank's SB Energy IPO Valuation Relies on Nvidia Ties Despite Zero Revenue",
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    "prose": "SoftBank Group unit SB Energy plans to go public in the U.S. with an expected market valuation of $50 billion. [^1]\n\nMasayoshi Son, chairman of SoftBank Group, said at the SoftBank World 2026 conference, whose video was released on 2026-08-01, that by 2040 AI will account for about 20% of global GDP, representing an annual market of about 7,000 trillion yen. [^2]\n\nSB Energy counts on lease commitments from Nvidia-backed OpenAI to support its valuation. [^3]\n\nThe article suggests SB Energy's valuation is propped up by its relationship with Nvidia. [^4]\n\nThe IPO paperwork for SB Energy shows zero revenue in its main data center business. [^5]\n\nSon predicted that by 2040, super companies with operating margins near 50% would generate annual profits of 3,500 trillion yen and dominate 80% of global market capitalization. [^6]\n\nSon said 100 trillion AI agents and 1 billion humanoid robots would drive the AI economy, with humanoids providing labor equivalent to 10 billion humans due to 24/7 operation and superior speed and accuracy. [^7]\n\nSon said jobs would not disappear because global GDP keeps growing; instead, AI-using super companies would take work from stagnant companies that refuse change. [^8]",
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