AI-Focused Softbank Reports Q1 Earnings

Posted on 08/09/2023

SoftBank reported a net loss JP¥ 477.6 billion, or US$ 3.3 billion in Q1. However, the Vision Fund has had a turnaround, earning JP¥ 159.8 billion, or US$ 1.1 billion. Chip maker Arm, for example, helped the investment group’s bottom line, even though Softbank had tried to sell it. Arm is seeing revenue of roughly…

Get News, People, and Transactions, Delivered to Your Inbox