SoftBank Reports 2.9 Billion Yen Profit from AI.
Reading
SoftBank made money in the last three months. They earned 421.8 billion yen, or $2.9 billion dollars. This is better than last year, when they lost money.
SoftBank invests a lot of money in AI companies. These companies include Nvidia and Open AI. Their sales went up by 7% to 1.8 trillion yen.
SoftBank lost 174 billion yen last year in the same time. The company's money can change a lot. This is because they invest in many different companies.
Masayoshi Son thinks AI will be very important. SoftBank has also invested in Arm Holdings. They also invested in Taiwan Semiconductor Manufacturing Co.
Yoshimitsu Goto said they are focused on AI. SoftBank is preparing for an IPO for PayPay. They have already had IPOs for Chime and Etoro.
Questions
How much money did SoftBank earn in the last three months?
SoftBank earned 421.8 billion yen, or $2.9 billion dollars.
What companies has SoftBank invested in?
SoftBank has invested in AI companies like Nvidia and Open AI.
What is SoftBank preparing for?
SoftBank is preparing for an IPO for PayPay.
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