SoftBank posts surprise loss of $2.4 billion

SoftBank Posts Quarterly Loss, Gears Up for Giant AI Project
The tech investment company reported a quarterly loss, partly due to the weakness in its technology funds business, as it geared up for the Stargate project.
SoftBank Group posts $2.4B loss in Q3 amid AI investment plans
Continuing its AI ventures, Japanese tech giant SoftBank Group saw a loss of 369.2 billion yen ($2.4 billion) last October-December, according to the figures released by the company on Wednesday.
SoftBank reports $2.4B loss in Q3 amid huge AI investments
SoftBank Group has reported a massive third-quarter loss of ¥369.165 billion (nearly $2.4 billion) for the fiscal year 2024. The dismal financial performance of the Masayoshi Son-led investment conglomerate is primarily attributed to a sharp decline in the value of the shares of several key portfolio companies during the quarter.
Japan's SoftBank reports loss weeks after announcing AI investment with U.S. President Trump
Japanese technology company SoftBank Group Corp. reported a 369.2 billion yen ($2.4 billion) loss for the fiscal third quarter as it racked up red ink from its Vision Fund investments. That's compared to a 950 billion yen profit in October-December 2023.
SoftBank falls to $2.4bn loss amid plans for huge AI investments
SoftBank tumbled to a $2.4bn loss in its fiscal third quarter as the Japanese conglomerate and its founder Masayoshi Son gear up to finance one of the world’s largest-ever bets on artificial intelligence.
SoftBank books surprise loss of $2.4 billion in third quarter
By Anton Bridge TOKYO (Reuters) -Japanese technology investor SoftBank Group booked a surprising net loss of 369.2 billion yen ($2.4 billion) in the October-December quarter as valuations at its Vision Fund investment arm fell.
SoftBank posts surprise loss of $2.4 billion in third quarter as Vision Fund investments go into red
SoftBank Group posted a surprise quarterly loss Wednesday and the Japanese company's revenue also missed analysts' estimates.
SoftBank Swings to a Loss Ahead of Big AI Bet With OpenAI
SoftBank Group Corp. tumbled to a loss in the December quarter, weighed down by a drop in the value of the Vision Fund’s ...
SoftBank Opens Up on the $500 Billion Stargate AI Project—But Details Remain Sparse
Three weeks after unveiling a massive data-center project with OpenAI that could run to half a trillion dollars, global tech ...
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SoftBank to scale back on $500B Stargate expansion if financing deteriorates: CFO Yoshimitsu Goto
SoftBank's broader goal is to “accelerate the AI revolution” by building robust infrastructure. The Stargate Project, set to ...
Goldman, SoftBank Back AI Startup Tines Valued at $1.13 Billion
Goldman Sachs Group Inc.’s growth equity unit led a $125 million funding round for software startup Tines Security Services ...
SoftBank Group posts first Apr.-Dec. profit in 3 years
Japanese tech giant SoftBank Group has posted a profit for the April-to-December period for the first time in three years. It comes as the company looks to fund greater investment in the AI sector.
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SoftBank Group and OpenAI team up for enterprise AI offering
OpenAI will provide its AI research, technology, and engineering support to the JV, and SoftBank Corp. its sales staff and ...
SoftBank, OpenAI unveil Japan AI joint venture
SoftBank Group CEO Masayoshi Son on Monday said he has agreed with OpenAI CEO Sam Altman to set up a joint venture in Japan ...
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SoftBank and OpenAI set up joint company to push artificial intelligence services
TOKYO — Japanese technology giant SoftBank Group and OpenAI stepped up their AI partnership Monday, setting up a 50-50 held company called SB OpenAI Japan. SoftBank Chief Masayoshi Son and ...