Wednesday, September 23, 2026
Wednesday, September 23, 2026
Watch Live
UPDATED
FUEL PRICE
21-SEP-2026
PETROL
-1.70 PKR
Rs. 392.05/ltr
DIESEL
-3.12 PKR
Rs. 418.96/ltr
Headlines
PM appoints Hamza Farrukh as Pakistan Climate Change Authority chair Pakistan Navy, Coast Guards foil smuggling bid in Pishukan Saudi Arabia marks 96th National Day, highlights close Pakistan-Saudi partnership Pindiz owner warns of PSL exit over Rizwan Trump meets Venezuela’s Delcy Rodriguez on UNGA sidelines Shehbaz meets Bill Gates, reaffirms push to eradicate polio ADB forecasts Pakistan growth at 3.7% for FY2027, warns of middle east risks Prime Minister Shehbaz and DPM Dar ramp up diplomacy at UN General Assembly US F-16 crashes near German air base after training exercise Pakistan foils Afghan infiltration, responds to border fire Field Marshal Asim Munir discusses defence ties with France Nazanin Mandi engaged to Michael Gilroy after fairytale proposal Kevin Jonas melts hearts at Danielle’s 40th birthday celebration Y chromosome loss in men may create hidden pathway for cancer, study finds Snapchat turns chat messages into songs with new AI tools for Lens+ users PM appoints Hamza Farrukh as Pakistan Climate Change Authority chair Pakistan Navy, Coast Guards foil smuggling bid in Pishukan Saudi Arabia marks 96th National Day, highlights close Pakistan-Saudi partnership Pindiz owner warns of PSL exit over Rizwan Trump meets Venezuela’s Delcy Rodriguez on UNGA sidelines Shehbaz meets Bill Gates, reaffirms push to eradicate polio ADB forecasts Pakistan growth at 3.7% for FY2027, warns of middle east risks Prime Minister Shehbaz and DPM Dar ramp up diplomacy at UN General Assembly US F-16 crashes near German air base after training exercise Pakistan foils Afghan infiltration, responds to border fire Field Marshal Asim Munir discusses defence ties with France Nazanin Mandi engaged to Michael Gilroy after fairytale proposal Kevin Jonas melts hearts at Danielle’s 40th birthday celebration Y chromosome loss in men may create hidden pathway for cancer, study finds Snapchat turns chat messages into songs with new AI tools for Lens+ users

SoftBank plans 75 billion€ in France AI race against U.S. and China

SoftBank will also work with French engineering company Schneider Electric to build a large industrial production hub

Web Desk June 01, 2026 Add Bol News as a trusted source

Japan’s SoftBank Group plans to invest 45 billion euros ($53 billion) over the next five years in France to build artificial intelligence infrastructure.

The company said the goal is to expand AI data center capacity and support fast growth in the AI sector. This investment is part of a larger 75-billion-euro plan that aims to create 5 gigawatts of AI data center power in France.

Soft Bank said the first phase will focus on building 3.1 gigawatts of AI data centers in northern France. The sites will be in Hauts-de-France, including Dunkirk, Bosquel, and Bouchain.

The project is expected to be completed by 2031. The company said this will be its biggest AI infrastructure investment in Europe. It also said the plan will help increase access to high-performance computing in France.

Japan Soft Bank CEO Masayoshi Son said AI is entering a new phase. He added that countries building strong infrastructure now will shape the future of technology and industry.

He said France is a strong choice because of its talent, industry base, and national focus on innovation. SoftBank will also work with French engineering company Schneider Electric to build a large industrial production hub in Dunkirk.

The announcement comes as SoftBank becomes Japan’s most valuable company, passing Toyota in market value. Its shares have also risen sharply this year, driven by strong expectations around AI investments. The company has major stakes in Arm Holdings and OpenAI, which also benefit from the global AI boom.

However, Europe faces challenges in the race to lead in AI. High energy costs are making it harder to build and run large data centers. This is pushing companies to carefully choose locations within Europe. Report say countries with lower electricity prices may attract more AI projects in the future.

Recommended