SoftBank Posts ¥1.33T Gain On Intel Investment
SoftBank's net profit falls 18% YoY to ¥347.3B
4B consensus. 33T gain on Intel after its shares more than tripled during the quarter. 7B, while OpenAI's valuation remained unchanged. SoftBank has now committed more than $64B to OpenAI for a stake of around 13%.
CFO Yoshimitsu Goto defended the investment, saying OpenAI retains an "overwhelming first-mover advantage" among consumers. SoftBank also plans to begin construction this year on its 10GW Ohio data center project and is in advanced talks with customers over long-term capacity leases. Goto dismissed AI overbuild concerns, pointing instead to an "overwhelming shortage" of computing capacity. Source: Nikkei Asia