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The Independent UK
The Independent UK
National
Yuri Kageyama

Japan's SoftBank reports loss weeks after announcing AI investment with U.S. President Trump

SoftBank Japan SoftBank Group SoftBank Group Corp Vision Fund Masayoshi Son OpenAI
Japan SoftBank OpenAI - (ASSOCIATED PRESS)

Japanese technology company SoftBank Group Corp. reported a 369.2 billion yen ($2.4 billion) loss for the fiscal third quarter as it racked up red ink from its Vision Fund investments.

That's compared to a 950 billion yen profit in October-December 2023.

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