SoftBank Profit More Than Doubles to $16.6 Billion on OpenAI Valuation Gains
SoftBank Group reported a stunning surge in quarterly profits, more than doubling its net income to 2.5 trillion yen ($16.6 billion) in the July–September period, thanks largely to massive valuation gains from its stake in OpenAI, the creator of ChatGPT. The figure far exceeded analyst expectations — three LSEG analysts had forecast an average profit […]
