💨 Abstract
SoftBank Group Corp. reported a $2.9 billion profit for the April-June quarter, reversing a loss from the previous year due to gains from its AI-focused investments. Sales increased by 7% to $12 billion, driven by investments in AI and chip companies like Nvidia and Arm Holdings. Founder Masayoshi Son sees a bright future in AI, and the company's investments in e-commerce and fintech are paying off, including Coupang and Chime.
Courtesy: WTOP Staff
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