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Arm owner SoftBank reports £1.2bn profit as it shifts towards AI


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Tech investor led £800m funding round into UK self-driving car software company Wayve

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The Japanese tech investor SoftBank made a profit for the second consecutive quarter as it tries to turn its performance around before big planned investments in artificial intelligence.

SoftBank reported net income of 231bn yen (£1.18bn) in the first three months of 2024, compared with a 57.6bn yen loss in the same period last year, according to financial results published on Monday.

Continue reading…Tech investor led £800m funding round into UK self-driving car software company WayveBusiness live – latest updatesThe Japanese tech investor SoftBank made a profit for the second consecutive quarter as it tries to turn its performance around before big planned investments in artificial intelligence.SoftBank reported net income of 231bn yen (£1.18bn) in the first three months of 2024, compared with a 57.6bn yen loss in the same period last year, according to financial results published on Monday. Continue reading…