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Arm owner SoftBank reports £1.2bn profit as it shifts towards AI
Artificial intelligence (AI) | The Guardian www.theguardian.com
Tech investor led £800m funding round into UK self-driving car software company Wayve
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. …
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