SoftBank Records US$12 Billion Profit Amid Rise in OpenAI Stake Value
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Author:小编   

On Wednesday, SoftBank Group Corp reported that its net profit for the January-March quarter soared to 1.83 trillion yen, marking a threefold increase from the previous period. This surge was largely fueled by the appreciation of its investment holdings in OpenAI. This achievement represents SoftBank's fifth consecutive quarter of profitability, with the Vision Fund posting investment gains of 3.1 trillion yen in this quarter alone, and accumulating an unrealized gain of US$45 billion from its investment in OpenAI. However, such significant investments have also sparked market concerns regarding SoftBank's financial liquidity. Critics highlight that OpenAI no longer commands an absolute leading position in the AI sector, while the costs associated with AI model development continue to escalate. To bolster its financial resources, SoftBank has implemented several strategies, including divesting stakes in companies such as T-Mobile and Nvidia, issuing bonds, and securing new lines of credit. In the current fiscal year, SoftBank has cumulatively divested T-Mobile shares valued at US$16.25 billion.