Softbank lost $3 billion last quarter in spite of surging AI hype ...Middle East

After two years of mostly being in the red, Softbank was expected to turn a profit in the quarter ending June 30. The combination of shedding Alibaba stock and the soaring tech stocks in its Vision Fund portfolio, analysts thought, would tip Softbank into the black. But the chips didn’t quite fall that way. Read more...

Hence then, the article about softbank lost 3 billion last quarter in spite of surging ai hype was published today ( Tuesday 08/08/2023 - 12:56 PM ) and is available on Quartz ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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