Lates News

SoftBank is set to report quarterly earnings on Tuesday. Against the backdrop of a sell-off in AI-related stocks and setbacks in its acquisition of ABB's robotics business, investors are watching whether it can offer reassuring explanations about its strategic direction. SoftBank has invested heavily in AI, most notably spending $64.6 billion to acquire a 13% stake in OpenAI, which has raised questions about its ability to withstand industry setbacks. Rolf Bulk of Futurum Group said questions about infrastructure buildout, funding, power supply, and deployment locations might have been easy to answer six months ago but are now far more complex. The health of the AI industry is crucial to SoftBank, as its investments already span AI models, data centers, semiconductors, and robotics. As of the end of June, SoftBank's net interest-bearing debt stood at 10.8 trillion yen (about $68 billion), compared with 6.6 trillion yen a year earlier.