Global Market: SoftBank's AI strategy stays on course despite flat OpenAI valuation in Q1

Wait 5 sec.

SoftBank reported an 18% decline in first-quarter net profit, though earnings exceeded expectations as strong gains from Intel and ByteDance investments offset weaker contributions from OpenAI. The company remains focused on expanding its AI portfolio, with major investments, new financing and long-term commitments reinforcing its artificial intelligence growth strategy, according to Reuters.