SoftBank Reports $2.4 Billion Quarterly Loss as AI Investment Plans Take Shape

The Japanese tech giant's Vision Fund struggles with valuation drops while it commits to a $500 billion AI infrastructure project with OpenAI and partners.

• SoftBank posted a net loss of 369.2 billion yen ($2.4 billion) for its fiscal third quarter, compared to a profit of 950 billion yen a year earlier.
• The loss was driven by a 352 billion yen ($2.3 billion) decline in the value of its Vision Fund investments, including holdings in Coupang and Didi Global.
• The company is preparing to invest up to $500 billion in Stargate, an AI infrastructure project involving OpenAI, Oracle, and the UAE's MGX, with $100 billion in funding immediately available.
• SoftBank is also leading a $40 billion funding round for OpenAI, marking a significant step in its AI-focused strategy.
• Despite the losses, SoftBank's broader portfolio, including Arm and ByteDance, continues to show mixed performance, reflecting the volatile nature of its investments.

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