SoftBank posts profit beat boosted by $8.2 billion investment gain from Intel
SoftBank booked a 1.86 trillion yen investment gain, mostly from Intel, even as its OpenAI holdings produced no valuation gain.
- On Thursday, SoftBank Group reported a 347.3 billion yen profit for the April-June period, an 18% decline, buoyed by a 1.33 trillion yen gain on its Intel stake despite recording no valuation gain from OpenAI holdings.
- Chief Executive Masayoshi Son aggressively pivoted toward AI-related companies, selling assets like Nvidia and T-Mobile to concentrate capital on high-reward technology bets, though results frequently fluctuate due to the Vision Fund's reliance on volatile emerging tech.
- SoftBank recently secured a $10 billion loan using its OpenAI stake as collateral, overcoming prior valuation disputes over the private company, with cumulative investment in the ChatGPT developer projected to reach $64.6 billion by October.
- The conglomerate committed to investing $5.4 billion into ABB Robotics and $3.1 billion into DigitalBridge during late 2026, covered by a $40 billion bridging loan expiring in March 2027, requiring repayment or refinancing.
- SoftBank's net asset value dropped to 58.3 trillion yen as of August 5, following a record high hit in June, reflecting the portfolio's sensitivity to recent market volatility amid Son's concentrated AI bets.
30 Articles
30 Articles
SoftBank’s 'crazy guy' canary-in-coalmine role in AI
For Masayoshi Son, the AI boom has been both a blessing and a curse for a conglomerate that had lost its way. In June, AI returned SoftBank Group to the top. For the first time in 22 years, Son’s conglomerate overtook, for a time, Toyota Motor in market capitalization to become Japan’s most valuable public […] The post SoftBank’s ‘crazy guy’ canary-in-coalmine role in AI appeared first on Asia Times.
SoftBank’s $2B investment in Intel delivers $8.2B windfall as OpenAI takes a backseat - Tech Startups
SoftBank’s massive bet on artificial intelligence paid off this quarter, but the biggest winner wasn’t OpenAI. It was Intel. The Japanese investment giant reported a 1.3 trillion yen, or roughly $8.2 billion, gain on its Intel holdings during its fiscal […] The post SoftBank’s $2B investment in Intel delivers $8.2B windfall as OpenAI takes a backseat first appeared on Tech Startups.
Associated Press News
Japanese tech company SoftBank Group sees profit drop despite AI investments
Technology investor SoftBank Group has reported an 18% drop in fiscal first quarter profit, as higher costs offset its investment gains.
SoftBank Group reported an 18% drop in net profit for the first fiscal quarter, totaling 347.3 billion yen (US$2.20 billion). Exclusive content for subscribers. For full access, follow the link to the article and register.
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