Reported about 16 hours ago
SoftBank Group Corp. reported a remarkable 124% increase in profit, totaling ¥517.18 billion ($3.5 billion), bolstered by rising valuations of tech startups like ByteDance and Didi. The company's Vision Fund recorded a profit, and plans for a significant $30 billion investment in OpenAI remain unchanged despite economic uncertainty. CEO Masayoshi Son and OpenAI co-founder Sam Altman are pushing forward with ambitious data center projects, although financing discussions are yet to commence amidst market volatility.
Source: YAHOO