SoftBank Profit Surges 124% on Tech Gains, Bolsters OpenAI Investment
TOKYO – Japanese technology conglomerate SoftBank Group Corp. reported a staggering 124% increase in quarterly profit, fueled by robust valuations in tech startups and resilient demand for artificial intelligence (AI). The company announced a net income of ¥517.18 billion ($3.5 billion) for its fiscal fourth quarter, driven by gains from its Vision Fund and investments in companies … Read more