🤖 SoftBanks $2B Investment in Intel Delivers $8.2B Windfall
Published by OOPSONLINE.IN · Source: TechStartups.com · 1 min read · · Updated
What actually happened
SoftBank’s massive bet on artificial intelligence paid off this quarter, but the biggest winner wasn’t OpenAI. It was Intel. The Japanese investment giant reported a 1.3 trillion yen, or roughly $8.2 billion, gain on its Intel holdings during its fiscal first quarter, helping SoftBank post net profit of 347.3 billion yen, or about $2.2 billion.
Key points
- SoftBank’s massive bet on artificial intelligence paid off this quarter, but the biggest winner wasn’t OpenAI.
- The Japanese investment giant reported a 1.
- 3 trillion yen, or roughly $8.
- 2 billion, gain on its Intel holdings during its fiscal first quarter, helping SoftBank post net profit of 347.
Summary based on data provided by TechStartups.com. Full article available at the original publisher.
- #ai
- #softbank
- #investment