US EditionJapanese tech giant SoftBank records its first profit in 4 years
- SoftBank Group, a Japanese technology investment firm, reported a net income of $7.8 billion for the fiscal year ending in March 2025, marking its first annual profit in four years.
- This profit recovery came after SoftBank experienced a 227 billion yen deficit in the prior fiscal year, which was influenced by ongoing investments and volatile asset valuations.
- SoftBank leads the $500 billion Stargate project in the US to build AI infrastructure, collaborating with Oracle and OpenAI, despite tariff-related financing delays.
- In February, SoftBank committed to investing $3 billion each year to implement OpenAI technology within its companies, and in March, it agreed to acquire Ampere, a semiconductor company based in the United States, for $6.5 billion.
- These results reflect SoftBank's aggressive AI push and reliance on strong US market investments despite recent trade tensions and tariff impacts.
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Japan's SoftBank posts $7.8 bn annual net profit
Japanese tech investor SoftBank Group, a major player in the US Stargate artificial intelligence drive, on Tuesday posted a $7.8 billion annual net profit, its first in the black for four years.
·Cherokee County, United States
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Total News Sources59
Leaning Left8Leaning Right14Center14Last UpdatedBias Distribution39% Center, 39% Right
Bias Distribution
- 39% of the sources are Center, 39% of the sources lean Right
39% Right
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C 39%
R 39%
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