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SoftBank reports a strong Q1 profit of $2.9 billion, attributing gains to AI investments.
SoftBank Group reported a Q1 profit of 421.8 billion yen ($2.9 billion), a significant improvement from a loss a year ago.
The company's strong financial performance is largely due to gains from its Vision Fund investments in AI-related companies like Nvidia and OpenAI.
Sales for the quarter rose 7% to 1.8 trillion yen ($12 billion).
SoftBank's founder, Masayoshi Son, is focusing heavily on AI as a key driver for future growth.
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SoftBank informa una fuerte ganancia del primer trimestre de 2.900 millones de dólares, atribuyendo las ganancias a las inversiones en IA.