SoftBank’s AI Bet Takes a $7 Billion Quarterly Hit
SoftBank went big on artificial intelligence. Now, the bill is making an entrance. The Japanese investment giant reported a 1.1 trillion yen net loss — roughly $7 billion — for the three months through September 2026. That’s a dramatic swing from its 2.5 trillion yen profit in the same quarter a year earlier, according to The Associated Press . And no, this wasn’t just a bad day for a chatbot. The damage came from a mix of costly infrastructure plans, financing expenses and the unpredictable world of tech investments. The Data Center Hit One particularly painful item: a roughly...