Arm owner SoftBank reports £1.2bn profit as it shifts towards AI
by Jasper Jolly from on (#6MRJ5)
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.
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