SoftBank's Son back to form with big bets and quarterly loss
Japan's SoftBank Group booked a surprise $2.4 billion quarterly loss on Wednesday, hit by a decline in the value of e-commerce platform Coupang and other tech companies held by its Vision Fund investment arm.
SoftBank reports $2.4 billion loss as it prepares for major AI investments
SoftBank just took a $2.4 billion hit in its fiscal third quarter, sinking into losses as the Japanese tech giant prepares to throw billions into AI. The company, led by Masayoshi Son, reported the loss on Wednesday,
SoftBank posts third-quarter loss of US$2.4 billion
Japanese technology investor SoftBank Group booked a net loss of US$2.4 billion in the October-December quarter as valuations at its Vision Fund investment arm fell. Read more at The Business Times.
Japan's Softbank Group seen booking $1.5 billion quarterly profit
Japan's SoftBank Group is set to make a quarterly net profit of 234 billion yen ($1.54 billion) on Wednesday as shares in its telecommunications holdings edge up and the post-listing performance of Swiggy is seen boosting the value of its portfolio of unlisted technology startups.
OpenAI Investor SoftBank (SFTBF) Tumbles to $2.4B Loss Before Stargate Launch
Japanese tech investor SoftBank (SFTBF) swung to a $2.4 billion loss in the quarter ended December as valuations at its Vision Fund fell,
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 posts loss of $2.4 bn in Q3 on fall in 'Vision Fund' valuations
In particular, SoftBank was hit by unrealised valuation losses for South Korean e-commerce platform Coupang, Chinese ride-hailing firm Didi Global and AutoStore Holdings
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 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.
SoftBank Group returns to profitability in April-December period
SoftBank Group Corp. said Wednesday it swung back to profitability with a net profit of 636.15 billion yen ($4.1 billion) in ...
SoftBank posts surprise loss in third quarter as Vision Fund investments go into red; revenue also misses estimates
SoftBank Group posted a surprise quarterly loss Wednesday and the Japanese company’s revenue also missed analysts’ estimates.
How Elon Musk Tried To Jack Up The Price Of OpenAI's Nonprofit Overnight
The $97.4 billion bid muddles up Sam Altman’s quest to convert the ChatGPT-maker into a for-profit company.
SoftBank Posts Third-Quarter Loss of $2.4 Billion
TOKYO (Reuters) -Japanese technology investor SoftBank Group booked a net loss of 369.2 billion yen ($2.4 billion) in the ...