SoftBank reported a 1.1 trillion yen, or roughly $7 billion, net loss for July through September. A year earlier, it had posted a 2.5 trillion yen profit, helped by gains on its OpenAI investment. SoftBank has spent $64.6 billion building a 13% stake in OpenAI, and that bet is now getting harder to defend. Its shares have nearly halved since June, while investors question the returns on the AI industry’s enormous spending plans. The company is also exposed to the same market concerns hitting AI infrastructure and chip stocks. Anthropic is preparing a huge IPO, OpenAI is still raising capital, and SoftBank is showing what happens when the cost of betting on the AI race gets ahead of the investment returns.
https://www.reuters.com/technology/softbank-swings-7-billion-net-loss-second-quarter-2026-11-10/
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