Arm Holdings CEO Rene Haas discusses SoftBank Corp.'s developments as it looks to lead the A.I. data center race on 'The Claman Countdown.' #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #theclamancountdown #softbank #arm #renehaas #ai #technology #data #datacenter #business #ceo #tech #innovation #investment #chips #semiconductors
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What Rene Haas said
Written from the verified transcript and checked against it. Every figure links to the moment it was said.
Rene Haas, CEO of ARM and director of SoftBank, discussed SoftBank's AI data center plans, dismissing concerns of a compute glut. He said the announcement of Neo Cloud services, a joint effort with the telecom carrier and parent company, is a continuation of SoftBank's strategy, with gigawatt-scale investments and a half-trillion-dollar commitment. He highlighted a project in Ohio, funded by the Japanese government, to generate up to ten gigawatts, creating over 30,000 construction jobs and 4,000 permanent jobs. Haas pushed back on the idea of an AI bubble, comparing Meta's compute rental to deals like Anthropic's, and argued that demand is high and only companies with muscle like SpaceX, Meta, and SoftBank can invest at that scale. He noted that CPU demand is rising due to generative AI agents. On circular revenue concerns, he called it creativity. He also discussed robotics, with over 100 configurations, and warned of a real memory shortage affecting the next couple of years.
Key takeaways
SoftBank is building a half-trillion-dollar AI data center project in Ohio, funded by the Japanese government, with up to ten gigawatts of generation.
The Ohio project will create over 30,000 construction jobs and 4,000 permanent jobs.
Haas dismissed the compute glut narrative, saying demand is high and only companies with muscle like SpaceX, Meta, and SoftBank can invest at gigawatt scale.
CPU demand is rising again because generative AI agents require CPU for scheduling and heavy lifting.
0:00Signal AI compute, what or something entirely different?
0:25Is it a sign there is a compute glut, so much so that they can fill it out and rent some of that?
1:23And can I ask, will some of that be operated out of Ohio?
2:11Is there a way to get ahead of the not-in-my-backyard crowd or the BANANA crowd, build nothing anywhere near anything?
2:50An analyst called the first hyperscaler to admit to a compute glut and said it signals AI infrastructure bubble may be bursting. What's your response?
3:54What about the competitive aspects of SoftBank, which is your largest shareholder, trying to do Neo Cloud business and Meta?
Signal AI compute, what or something entirely different? Joining me now in a Fox Business exclusive live from the New York Stock Exchange, the role of chip design and chip maker recently named CEO of SoftBank International, as if you didn't already have so much to do.
Let's talk about this business. SoftBank announced, tell us what it would be. Is it a sign there is a compute glut, so much so that they can fill it out and rent some of that?
I don't think so. Continuation of a statement last week at the annual meeting from the head of SoftBank. You look at the ecosystem: OpenAI, robotics, infrastructure, SoftBank Energy, ARM compute. SoftBank has a lot of assets in the company and a group to get into this business. So the announcement, the telecom carrier joined with the parent company offering Neo Cloud services, is uniquely positioned to win in this game where the scale is getting large. Gigawatts, as you said, half a trillion dollars investment. Not many companies can do that.
Let's not toss that away. SoftBank is in the process of building half a trillion dollars. They will spend on this. Tell us how that is going. And can I ask, will some of that be operated out of Ohio?
Today we are not talking about it being involved, but it's a group product, meaning that Energy is involved, SoftBank Group. But most importantly, a gigantic project in Ohio where our generation up to ten gigawatts is being funded by the Japanese government with SoftBank. A gigantic project, great for the state of Ohio in the United States, and a huge level of continuing.
That's right. It created a lot of jobs: over 30,000 construction jobs and 4,000 permanent jobs. This belief that data centers don't create long-term opportunities, fully loaded about 4,000 real or come jobs.
After the report came out yesterday that Meta would sell excess compute, I didn't think they had enough compute and that's why they are starting deals right and left. But now they say they will get that out and settle some of that, or at least rent it. An analyst called the first hyperscaler to admit to a compute glut and said it signals AI infrastructure bubble may be bursting. What's your response?
12 more exchanges in this transcript
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Haas, R. (2026, July 2). SoftBank looking to develop the largest AI data center in the world: CEO [Interview transcript]. Fox Business. CEOInterviews.AI. https://ceointerviews.ai/interview/1056522/
MLA
Rene Haas. "SoftBank looking to develop the largest AI data center in the world: CEO." Fox Business, 2 Jul. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1056522/.
BibTeX
@misc{haas2026_1056522,
author = {Rene Haas},
title = {SoftBank looking to develop the largest AI data center in the world: CEO},
howpublished = {Interview transcript, Fox Business. CEOInterviews.AI},
year = {2026},
month = {jul},
url = {https://ceointerviews.ai/interview/1056522/},
note = {Speaker-attributed transcript with timestamps}
}
