SB Energy, the artificial intelligence infrastructure company backed by SoftBank, OpenAI and Nvidia, is preparing to go public even if it's warning prospective investors that much of its ambitious data center strategy depends on OpenAI.
In an S-1 registration statement filed with the Securities and Exchange Commission, SB Energy said it is "substantially dependent" on OpenAI, which serves as both a major tenant and an equity investor in the company. OpenAI CEO Sam Altman was also an early personal investor.
