SoftBank’s annual profit quadruples as it doubles down on OpenAI bet

AI holdings drive Vision Fund gains as billions more committed to ChatGPT maker SoftBank CEO Masayoshi Son, left, has made one of the group's biggest bets with a huge investment in counterpart Sam Altman's OpenAI. © Reuters TOKYO — SoftBank Group on Wednesday reported a record full-year net profit of 5 trillion yen ($31.6 billion), quadrupling from a year earlier, as the Japanese technology investor increased its bet on ChatGPT developer OpenAI.

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