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…
