SoftBank Swings to Profit on Valuation Boost From Its OpenAI Bet

SoftBank Group Corp. sprang back to a quarterly profit after Masayoshi Son’s bet on OpenAI paid off in valuation gains on optimism around artificial intelligence spending.

By Min-Jeong Lee · Bloomberg Markets

SoftBank Group Corp. sprang back to a quarterly profit after Masayoshi Son’s bet on OpenAI paid off in valuation gains on optimism around artificial intelligence spending.