SoftBank recorded a $7 billion loss due to the surge in costs of AI
2026-11-10 19:18:17
According to CoinMeta, SoftBank released its quarterly financial report, which showed a loss of $7 billion due to rising costs related to AI. This result fell short of analysts' expectations, as the same period last year saw a profit of $16 billion. The financial report included expenses of $3.7 billion related to the revised US AI data center plan, and at the same time, the financing costs doubled. SoftBank also raised $5 billion through loans secured by ARM shares.
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