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SoftBank rides AI boom to post $1.6 billion net profit Tokyo, Feb 12 (AFP) Feb 12, 2026 Japan's SoftBank Group said Thursday that net profit rebounded year-on-year in the third quarter as it reaped the rewards of its investment in artificial intelligence. The firm, a major backer of ChatGPT-maker OpenAI, logged net profit of 248.6 billion yen ($1.6 billion), after a net loss of 370 billion yen a year earlier. After suffering massive losses across its broad tech portfolio in recent years, SoftBank has turned things around by diving into the fast-growing AI sector. It announced in December that its stake in OpenAI is now around 11 percent after completing the second stage of a $41 billion investment. The group's earnings often swing dramatically because it invests heavily in tech start-ups and semiconductor firms, whose stocks are volatile. |
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