SoftBank to face scrutiny of AI strategy at second-quarter earnings after selloff

SoftBank Group reports quarterly earnings on Tuesday, with investors wondering how much reassurance it will offer about its strategies amid a rout in AI stocks and after its takeover of ABB’s robotics unit was blocked by China.

The Japanese tech investment firm’s big bets on artificial intelligence – particularly the $64.6 billion it has spent on a 13% stake in OpenAI – have raised questions about how well it will be able to weather setbacks for the sector.