SoftBank's finance chief Yoshimitsu Goto said during an earnings press conference on Tuesday that "nothing has really changed" with OpenAI and its restructure plan.
SoftBank Group shares rose as much as 3.7% in Tokyo on Tuesday after the tech investment giant reported a net profit of $3.49 billion for the three months to March, significantly outperforming analyst expectations of a loss of around $180 million. The stronger-than-expected result was driven by investment gains in tech and telecom holdings.
Japanese investment conglomerate SoftBank Group booked a net profit of 517 billion yen ($3.49 billion) for January-March as its telecommunications holdings performed well.
It's been three months since SoftBank's Masayoshi Son and OpenAI co-founder Sam Altman promised during a White House briefing to swiftly deploy $100 billion, and raise that figure to $500 billion over the next four years.
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