SoftBank Reports $2.4B Loss

This is a US news story, published by MSN, that relates primarily to Sam Altman news.

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SoftBank reports $2.4 billion loss as it prepares for major AI investments

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SoftBank took a $2.4 billion hit in its fiscal third quarter , missing analyst forecasts of a $1.57 billion profit.

Masayoshi Son has already committed $15 billion to $20 billion to Stargate , the US -based AI infrastructure project that he announced in January alongside OpenAI CEO Sam Altman and President Donald Trump .

SoftBank is also aiming to surpass Microsoft as the company’s biggest investor.

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