SoftBank swings to $1.62 billion profit in Q4 on rising OpenAI valuation
Japan's SoftBank Group reported a fourth consecutive quarterly profit, boosted by the rising valuation of its investment in OpenAI. The conglomerate has invested over $30 billion in the AI firm and is seeking to raise more funds. SoftBank's heavy exposure to OpenAI has raised concerns about its finances, but the company remains confident in its investments.