SoftBank reports Q4 net income up 3x to ~$11.6B, above ~$1.5B est., driven by a $25B gain in its OpenAI stake; by October, its OpenAI investment will hit $64.6B (David Keohane/Financial Times)
SoftBank posts Q4 net income of ~$11.6B (3x estimate) fueled by $25B OpenAI stake gain; cumulative OpenAI investment reaches $64.6B by October.
Excerpt
<a href="https://www.ft.com/content/85b9fe04-0d70-482e-bd27-9c87c1ebfc01"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260513/i13.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/260513/p13#a260513p13" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> David Keohane / <a href="https://www.ft.com/">Financial Times</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.ft.com/content/85b9fe04-0d70-482e-bd27-9c87c1ebfc01">SoftBank reports Q4 net income up 3x to ~$11.6B, above ~$1.5B est., driven by a $25B gain in its OpenAI stake; by October, its OpenAI investment will hit $64.6B</a></b></span> — Japanese group books net income of $11.6bn in fourth quarter, vastly ahead of analyst expectations</p>
Read at source: https://www.techmeme.com/260513/p13#a260513p13