{"id":842177,"date":"2024-08-07T10:08:57","date_gmt":"2024-08-07T04:38:57","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=842177"},"modified":"2024-08-07T10:15:28","modified_gmt":"2024-08-07T04:45:28","slug":"softbank-to-log-slim-profit-ahead-of-masayoshi-sons-next-ai-bet","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/07\/softbank-to-log-slim-profit-ahead-of-masayoshi-sons-next-ai-bet\/","title":{"rendered":"SoftBank to log slim profit ahead of Masayoshi son\u2019s next AI bet"},"content":{"rendered":"<p>SoftBank Group Corp. is likely to report a small profit, an indication of how past mistakes continue to weigh on the company even as billionaire founder Masayoshi Son prepares his next big AI bet.<\/p>\n<p>Emerging from a month of sharp selloffs, the Tokyo-based investment firm on Wednesday is expected to report a net income of \u00a51 billion ($6.9 million) for the June quarter, according to the average of three analysts polled. That compares with a big loss of \u00a5477.6 billion a year ago, but is tiny compared with profits in the preceding two quarters, attesting to the continued drag from hundreds of loss-making startups that remain on Vision Fund books.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SoftBank Group Corp. is likely to report a small profit, an indication of how past mistakes continue to weigh on the company even as billionaire founder Masayoshi Son prepares his next big AI bet. Emerging from a month of sharp selloffs, the Tokyo-based investment firm on Wednesday is expected to report a net income of \u00a51 billion ($6.9 million) for the June quarter, according to the average of three analysts polled. That compares with a big loss of \u00a5477.6 billion a year ago, but is tiny compared with profits in the preceding two quarters, attesting to the continued drag from [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-842177","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/842177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=842177"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/842177\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=842177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=842177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=842177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}