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Arm owner SoftBank reports £1.2bn profit as it shifts towards AI
Aggregated Source: ChinaLegalBlog.com

The Japanese tech investor SoftBank made a profit for the second consecutive quarter as it tries to turn its performance around before big planned investments in artificial intelligence.

SoftBank reported net income of 231bn yen (£1.18bn) in the first three months of 2024, compared with a 57.6bn yen loss in the same period last year, according to financial results published on Monday.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.

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