SoftBank has funnelled billions into developing AI and related infrastructure, with CEO Masayoshi Son extolling the technology's world-changing potential. (EPA Images pic)TOKYO: Japanese tech investment giant SoftBank on Tuesday reported a net loss of ¥1.1 trillion (US$7 billion) for the second quarter, marking a swing from a profit a year ago.
The company's profits routinely see wild fluctuations linked to the volatile value of global technology stocks and its changing portfolio of investments and acquisitions.
SoftBank has funnelled billions into developing AI and related infrastructure, with CEO Masayoshi Son extolling the technology's world-changing potential.
In the second quarter of 2025-26, SoftBank – a major backer of ChatGPT-maker OpenAI – saw a net profit of ¥2.5 trillion as stock markets worldwide hit record highs.
