SoftBank Posts Quarterly Loss, Gears Up for Giant AI Project!
Group reported a quarterly loss, partly due to the weakness in its technology funds business, as it geared up for a giant artificial-intelligence infrastructure project with ChatGPT maker OpenAI and other partners.
The Japanese technology investment company said Wednesday that it booked a net loss for the three months ended December, swinging from a net profit a year earlier and missing analysts’ estimates.
Source: https://www.wsj.com/business/earnings/softbank-group-posts-quarterly-loss-on-weak-tech-funds-business-a316bebb?utm_source=chatgpt.com