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SOFTBANK Q4 PROFIT SURGES 3X ON $25B OPENAI GAIN

SoftBank reported Q4 net income of $11.6 billion, tripling analyst expectations of $1.5 billion, largely driven by a $25 billion unrealized gain from its OpenAI stake. The Japanese conglomerate plans to increase its total OpenAI investment to $64.6 billion by October.

3 SOURCESFIRST SEEN MAY 13, 09:45 AM► READ THE ARTICLE

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SoftBank reports Q4 net income up 3x to ~$11.6B, above ~$1.5B est., driven by a $25B gain in its OpenAI stake; by October, its OpenAI investment will hit $64.6B (David Keohane/Financial Times)

David Keohane / Financial Times: SoftBank reports Q4 net income up 3x to ~$11.6B, above ~$1.5B est., driven by a $25B ga…

Techmeme+3h 50m

Analysis: 25% of the 13,000 US federal lobbyists are involved in AI issues, up from 11% in 2023; OpenAI plans to host the opening of its DC office on Wednesday (Cecilia Kang/New York Times)

Cecilia Kang / New York Times: Analysis: 25% of the 13,000 US federal lobbyists are involved in AI issues, up from 11% i…

Techmeme+19h 5m

Musk v. Altman filing: Sam Altman holds $2B+ in stakes in companies that have done business with OpenAI, including a $1.7B stake in fusion startup Helion Energy (Kenrick Cai/Reuters)

Kenrick Cai / Reuters: Musk v. Altman filing: Sam Altman holds $2B+ in stakes in companies that have done business with…

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