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SoftBank Posts Profit Driven By OpenAI
9.2
Relevance Score
SoftBank reported a net income of 248.6 billion yuan (about $1.6 billion) for the fiscal third quarter ending December, reversing a 369 billion yuan loss in the same quarter last year. The company attributes a $4.2 billion quarterly gain to its roughly 11% stake in OpenAI, part of $17 billion in fiscal-year gains and increasing exposure to private AI valuations.
Scoring Rationale
Large, documented earnings shift and strategic AI investments drive high impact; concentrated exposure to OpenAI valuation limits durability.
Sources
- Read OriginalSoftBank’s $4.2bn OpenAI gain lifts quarterly profits as AI exposure deepens — company swings back to profitability in Q3 resultstomshardware.com
