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.
Of the telecom professionals surveyed by Nvidia, 97% said their company is either actively deploying or assessing deploying AI.
SoftBank Group posted a surprise quarterly loss Wednesday and the Japanese company’s revenue also missed analysts’ estimates.
Investopedia on MSN8d
SoftBank CEO Masayoshi Son's Net Worth Is 11 Figures—How He Made His BillionsBillionaire Masayoshi Son, founder and CEO of Japanese multinational investment company SoftBank Group, is one of the richest people in the world. Considered one of the most powerful investors in the world,
SoftBank Group posted a surprise quarterly loss Wednesday and the Japanese company’s revenue also missed analysts’ estimates.
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.
Nvidia has trimmed its nascent investment portfolio by around 30%, including a big change in a key holding of a former takeover target.
SoftBank reported a $2.4 billion quarterly loss, driven by Vision Fund declines, while pursuing ambitious AI projects like Stargate and Cristal Intelligence. Partnering with OpenAI and Nvidia, it seeks $500 billion funding despite financial headwinds and debt concerns.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results