Japan's SoftBank reports loss weeks after announcing AI investment with U.S. President Trump
Wednesday, 12 February 2025 () Japanese technology company SoftBank Group Corp. reported a 369.2 billion yen, or $2.4 billion, loss for the fiscal third quarter, as it racked up red ink from its Vision Fund investments. Tokyo-based SoftBank said Wednesday its quarterly sales rose 3% to 1.83 trillion yen, or $11.9 billion. The report comes barely a month after Masayoshi Son, the founder and chief executive, appeared with President Donald Trump in Washington, as well as with Sam Altman of OpenAI and Larry Ellison of Oracle, to announce a major investment of up to $500 billion into artificial intelligence development called Stargate.
President Donald Trump greets Japan's Prime Minister Shigeru Ishiba at the White House, where the two will hold a bilateral meeting before speaking to press.
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President Donald Trump welcomed King Abdullah II and Crown Prince Hussein of Jordan to the White House for a pivotal bilateral meeting. Discussions centered on regional security, economic cooperation,..
An international human rights organization has sounded the alarm over Israel’s escalating military offensive in the West Bank, calling it a “reproduction of the crime of genocide.” The..
Wednesday, 12 February 2025 ()
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