Japanese tech giant SoftBank Group has posted a profit for the April-to-December period for the first time in three years. It comes as the company looks to fund greater investment in the AI sector.
The group reported a net profit of more than 636 billion yen, or about 4.1 billion dollars, for the period last year. The gains were largely driven by its tech-focused investment unit.
SoftBank will be investing more heavily in AI, as it considers the sector a key growth area.
It unveiled plans to upgrade AI-related infrastructure in the US last month. It also announced earlier this month that it is teaming up with US-based OpenAI to offer services to corporate customers.
The group reported a net profit of more than 636 billion yen, or about 4.1 billion dollars, for the period last year. The gains were largely driven by its tech-focused investment unit.
SoftBank will be investing more heavily in AI, as it considers the sector a key growth area.
It unveiled plans to upgrade AI-related infrastructure in the US last month. It also announced earlier this month that it is teaming up with US-based OpenAI to offer services to corporate customers.
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Summary
SoftBank Group posts first profit in 3 years, driven by tech-focused investments; intends to increase investment in AI sector, viewing it as a key growth area. Infrastructure upgrades planned for US and partnership with OpenAI announced for corporate services.
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ID: 13292501-6025-4a0e-85a0-d179dfe9a7a3
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20250212_B07/
Created: 2025/02/13 07:00
Updated: 2025/12/08 06:16
Last Read: 2025/02/13 07:21