AICNBC Techabout 1 hour ago
SoftBank Reports $7 Billion Net Loss
1 min read
SoftBank Group reported a fiscal second-quarter net loss of 1.12 trillion yen, or $7 billion, on Tuesday. Despite the loss, shares closed 13.9% higher as Asian tech stocks rose. The company maintains a $64.6 billion total investment in OpenAI and plans a $1.85 billion commitment for AI infrastructure in Malaysia.
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