SoftBank posts surprise loss in third quarter, revenue also misses estimates

Group 1 - SoftBank Group reported a surprise quarterly loss, with revenue falling short of analysts' estimates [1][4] - The company's revenue was 1.83 trillion yen, slightly below the expected 1.84 trillion yen [4] - SoftBank experienced a net loss of 369.17 billion yen, contrasting with a profit of 298.53 billion yen in the previous period [4] Group 2 - In recent years, SoftBank has made several high-value investments in struggling companies, leading to markdowns in valuations [2] - The company is repositioning to capitalize on the artificial intelligence boom, with significant investments in AI-related technologies [2] - SoftBank is reportedly close to finalizing a $40 billion primary investment in OpenAI, valuing the company at $260 billion pre-money [2]