Quartz·1 min read·medium
SoftBank's profit beat was powered by its surging Intel stake, not OpenAI
✦AI Summary
SoftBank reported a $2.2 billion quarterly profit, largely driven by gains in its Intel stock holdings. The results clarify that the profit was not primarily fueled by its investments in OpenAI.
The Japanese investment giant posted a $2.2 billion quarterly profit, with a 1.3 trillion yen gain on Intel stock doing most of the heavy lifting
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