SoftBank reported a fiscal second-quarter net loss of 1.12 trillion yen, or approximately $7 billion, compared with a net profit of 2.5 trillion yen a year earlier. Revenue reached 2.22 trillion yen, exceeding LSEG estimates of 2.02 trillion yen. The Japanese group’s shares rose 13.9%, following gains in Asian technology stocks and an overnight rebound on Wall Street. SoftBank completed an additional $30 billion investment in OpenAI in October, bringing its total investment to $64.6 billion and its stake to approximately 13%. The group also announced a combined initial $1.85 billion commitment with Grab and PETROS to develop AI infrastructure in Malaysia, with a long-term target of at least 5 gigawatts of computing capacity.
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