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SoftBank's AI Bets Can't Offset Big Company Loss

TheMotleyFool

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SoftBank's AI Bets Can't Offset Big Company Loss: https://g.foolcdn.com/editorial/images/743448/featured-daily-upside-image.png

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Even the AI hype train can't move SoftBank out of the red.

On Tuesday, the Japanese conglomerate which used to bankroll Silicon Valley announced a quarterly loss of 477.6 billion yen ($3.3 billion). That came as a shock to Wall Street, which had been expecting a profit of around 75 billion yen ($520 million) partly due to CEO Masayoshi Son plowing investment into anything that has 'AI' in the name.

Source Fool.com