SoftBank posts unexpected $7bn loss as AI bet sours

SoftBank reported a $7 billion quarterly loss, its first in nearly two years, driven by a sharp decline in the value of its AI-related investments. The company's share price has fallen by half, signaling a significant reversal in investor sentiment toward its aggressive AI strategy. This development underscores the volatility and risk inherent in high-stakes AI bets, with potential implications for broader tech and AI-related market sentiment.

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