SoftBank Swings to $7 Billion Quarterly Loss on US Data Centre Costs
SoftBank Group reported a second-quarter net loss of $7 billion, citing US data-centre buildout costs and higher financing payments.
SoftBank Group, the Japanese investment giant with big bets on AI, said on Tuesday it had swung to a second-quarter net loss of $7 billion, hit hard by hefty buildout costs for data centres in the US and increases in financing payments.The pain inflicted this quarter by a subsidiary's advance payme…