Japanese tech powerhouse SoftBank has reported a $2.4 billion loss in its fiscal third quarter, marking a sharp reversal from the $6.3 billion profit it posted in the same period last year. The decline was far worse than market expectations, with analysts originally forecasting a $1.57 billion gain, according to LSEG data. The primary drag on SoftBank’s performance was its Vision Fund, which suffered a $2.3 billion loss, snapping its two-quarter winning streak due to valuation declines in its private portfolio. Additionally, public holdings such as Coupang and Didi also saw their market values drop, further weighing on the company’s financials.

🔥Aggressive AI Investments Set to Reshape SoftBank’s Future🔥

Despite this financial setback, SoftBank is doubling down on artificial intelligence, with CEO Masayoshi Son leading a multi-billion-dollar push into the sector. The firm has committed $15 billion to $20 billion toward Stargate, a US-based AI infrastructure initiative announced in January alongside OpenAI CEO Sam Altman and former US President Donald Trump. Over the next four years, the project is projected to require a staggering $500 billion, making it one of the most ambitious AI investments to date.

SoftBank is also seeking to expand its stake in OpenAI, potentially investing between $15 billion and $25 billion, a move that could surpass Microsoft as the company’s largest shareholder and push OpenAI’s valuation well beyond its previous $157 billion mark. To strengthen its foothold in AI, SoftBank has already pledged $3 billion annually for OpenAI’s technology and is launching “SB OpenAI Japan”, a joint venture aimed at dominating Japan’s AI enterprise market by offering OpenAI’s solutions to local corporations.

💥Global AI Landscape: Competition Heats Up💥

While SoftBank and the US ramp up AI investments, China is making strides of its own with DeepSeek, a newly developed AI model that has captured industry attention and signaled Beijing’s commitment to keeping pace with Western advancements. Meanwhile, Europe faces ongoing challenges in the AI race. Speaking at the AI Action Summit in Paris, French President Emmanuel Macron announced a €109 billion ($112.8 billion) investment package, declaring that “France is back in the AI race”. However, critics argue that strict regulations continue to stifle innovation and discourage major investments. A 2023 report by former European Central Bank President Mario Draghi warned that while Europe boasts strong research and development, its rigid policies are preventing startups from scaling into global AI leaders.
#SoftBank #TokenReserve #CPIvsCrypto #LTC&XRPETFsNext? #BTCNextATH?

Donald Trump, the former U.S. president, has stirred the cryptocurrency market with the meme coin named after him, but the strong price volatility came after a surprising statement: 'I don't know much about it other than I launched it.'

Strong fluctuations right after the statement

• The price of TRUMP coin peaked at $48.18 within 24 hours before dropping 16% to $40.29 right after Trump's comments at a meeting with technology leaders.