INDBInternet News Database 2.5 Updated 2 min ago · 293 sources Show or hide images Light or dark

Masa's $3.7 Billion Bonfire: SoftBank Posts $7 Billion Loss After Torching Deposits On AI Power Gear As Interest Costs Double

1 source1 article First seen Updated United States Truth score 16

Save Like Comments Compare coverage
Image from Zero Hedge

Summary

Masa's $3.7 Billion Bonfire: SoftBank Posts $7 Billion Loss After Torching Deposits On AI Power Gear As Interest Costs Double Buy now, figure out the specs later. That, in one line, was SoftBank's strategy for powering the biggest AI data center buildout on the planet. And on Tuesday, it sent Masayoshi Son the invoice: SoftBank Group reported a net loss of ¥1.12 trillion ($7.1 billion) for the July-September quarter, its first loss in almost two years, when Wall Street was looking for a profit of ¥129 billion. The biggest single culprit was a ¥597 billion ($3.7 billion) loss on power…

Description from Zero Hedge.

Who is covering this

  1. Zero Hedge Right Factuality: Low US
    Masa's $3.7 Billion Bonfire: SoftBank Posts $7 Billion Loss After Torching Deposits On AI Power Gear As Interest Costs Double

    Masa's $3.7 Billion Bonfire: SoftBank Posts $7 Billion Loss After Torching Deposits On AI Power Gear As Interest Costs Double Buy now, figure out the specs later. That, in one line, was SoftBank's strategy for powering the biggest AI data center buildout on the planet. And on...

    Low reliability sourceElevated risk

Comments

Comments need JavaScript.

Related stories