SoftBank profit more than doubles to $16.6 billion on OpenAI gains


The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. REUTERS/Issei Kato

TOKYO (Reuters) -SoftBank Group Chief Executive Masayoshi Son's "all in" bet on OpenAI appears to be paying dividends after the ChatGPT-maker's valuation soared this year, producing a surge in quarterly profit for the Japanese technology investor.

The results mean more money for SoftBank to employ in its artificial intelligence-related investment spree even as concerns mount of an "AI bubble" in which valuations overestimate the profits the technologies can generate.

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