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SoftBank Reports Significant Profit Increase Due to AI Investments

SoftBank Reports Significant Profit Increase Due to AI Investments

SoftBank Reports Significant Profit Increase Due to AI Investments
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Japan's SoftBank racks up huge profit gains with lift from lucrative AI investments

Japan's SoftBank racks up huge profit gains with lift from lucrative AI investments

Japanese technology investor Softbank Group says profits for the fiscal year through March zoomed by nearly five-fold as its AI investments paid off
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SoftBank Reports Five-Fold Profit Increase Driven by AI Investments

SoftBank Reports Five-Fold Profit Increase Driven by AI Investments

SoftBank Reports Five-Fold Profit Increase Driven by AI Investments
AP News AP News
Tech carries Wall Street toward records, even as most stocks fall after discouraging inflation data

Tech carries Wall Street toward records, even as most stocks fall after discouraging inflation data

Resurgent technology stocks are leading Wall Street toward records, even as the majority of U.S. stocks fall following another discouraging update on inflation
AP News AP News
Tech carries Wall Street to records, even as most stocks fall after discouraging inflation data

Tech carries Wall Street to records, even as most stocks fall after discouraging inflation data

A rebound for technology stocks led Wall Street to records, even though the majority of U.S. stocks fell following another discouraging update on inflation
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Barclays Analyst Discusses Alibaba and Tencent's Solid Q1 2026 Earnings Amid AI Challenges

Barclays Analyst Discusses Alibaba and Tencent's Solid Q1 2026 Earnings Amid AI Challenges

Barclays Analyst Discusses Alibaba and Tencent's Solid Q1 2026 Earnings Amid AI Challenges
Reuters Reuters
SoftBank books $12 billion profit on OpenAI stake gains

SoftBank books $12 billion profit on OpenAI stake gains

By Anton Bridge TOKYO, May 13 (Reuters) - Technology investor SoftBank Group reported on Wednesday that its net profit more than tripled to 1.83 trillion yen ($11.60 billion) in the January-March quarter, as it booked gains on its investment in ChatGPT-maker OpenAI. 
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Morning Bid: Locked in a stalemate with Iran, Trump heads to China

Morning Bid: Locked in a stalemate with Iran, Trump heads to China

A look at the day ahead in European and global markets from Gregor Stuart Hunter With the conflict in the Middle East still mired in a stalemate, Donald Trump is on his way to Beijing to see if Chinese President Xi Jinping proves more amenable to a deal.
Reuters Reuters
Panasonic eyes aggressive AI profit push, battery unit misses target

Panasonic eyes aggressive AI profit push, battery unit misses target

TOKYO, May 12 (Reuters) - Panasonic Holdings flagged an aggressive push to lift profit through artificial intelligence-linked products on Tuesday even as its electric-vehicle battery unit struggled in the latest year and missed its full-year target.
Reuters Reuters
Peace progress stalls, AI rally does not

Peace progress stalls, AI rally does not

A look at the day ahead in European and global markets from Tom Westbrook Markets still want to believe that neither the U.S. nor Iran is aiming to escalate their conflict. But the path to resolution remains as unclear as ever after another round of raised hopes came to little over the weekend. U.S.
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Trading Day: AI beats Iran impasse

Trading Day: AI beats Iran impasse

By Jamie McGeever ORLANDO, Florida, May 11 (Reuters) - U.S. and world stocks touched new highs on Monday, as artificial intelligence fever continued to outweigh the prolonged U.S.-Iran impasse.
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Cerebras Systems Increases IPO Price Range Amid Surging AI Demand

Cerebras Systems Increases IPO Price Range Amid Surging AI Demand

Cerebras Systems Increases IPO Price Range Amid Surging AI Demand