Economy: SoftBank Takes a $7 Billion Loss as Its AI Bet Goes Sour

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SoftBank Group reported a net loss of 1.115 trillion yen, or roughly $7 billion, for the quarter from July to September 2026, while analysts had expected a profit. A revision of electrical equipment purchases for its US data centers resulted in a charge of approximately $3.7 billion. Financing costs more than doubled to 462 billion yen, while the group raised a record $56.5 billion. SoftBank said it could nevertheless receive $2.1 billion in discounts on future equipment purchases. These investments come several years before the data centers are expected to generate revenue.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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