Arm owner SoftBank reports £1.2bn profit as it shifts towards AI

5 months ago 26

Tech investor led £800m funding round into UK self-driving car software company Wayve

The Japanese tech investor SoftBank made a profit for the second consecutive quarter as it tries to turn its performance around before big planned investments in artificial intelligence.

SoftBank reported net income of 231bn yen (£1.18bn) in the first three months of 2024, compared with a 57.6bn yen loss in the same period last year, according to financial results published on Monday.

Continue reading...
Read Entire Article