SoftBank earnings set for OpenAI boost, with focus on future funding

Japan’s SoftBank Group is expected to post a healthy profit on its investment in OpenAI when it reports quarterly ‍results on Thursday, as the market focuses on how it will fund its artificial intelligence spending spree.

With OpenAI striking a string of multi-billion-dollar deals despite ⁠continuing to lose money, investors have grown concerned about the company’s ability to finance those commitments, souring sentiment around major tech firms with which it has close links.