SoftBank Group and its telecom unit will start renting artificial intelligence?computing resources to U.S. companies next fiscal year, using a growing pipeline of data centers to compete with the likes of CoreWeave and Nebius Group.

The two SoftBank companies will set up SB Neo to offer AI chips and cloud services to big companies including hyperscalers, the companies said in a statement Thursday.

The ¡°neocloud,¡± or AI-tailored-cloud, venture plans to ramp up its computing resources to eventually supply data center capacity at a scale of 10 gigawatts by around 2030 for large-scale AI model training and inference, according to Junichi Miyakawa, head of the telecom unit.