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SoftBank to face scrutiny of AI strategy at second-quarter earnings after selloff

TOKYO: SoftBank Group reports quarterly earnings on Tuesday, with investors wondering how much reassurance it will offer about its ​strategies amid a rout in AI stocks and after its takeover of ABB’s robotics unit was blocked by ‌China. The Japanese tech investment firm’s big bets on artificial intelligence — particularly the $64.6 billion it has spent on a 13% stake in OpenAI — have raised…

First reported by Business Recorder 1 source
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  1. Business Recorder

    SoftBank to face scrutiny of AI strategy at second-quarter earnings after selloff (opens Business Recorder in a new tab)

    TOKYO: SoftBank Group reports quarterly earnings on Tuesday, with investors wondering how much reassurance it will offer about its ​strategies amid a rout in AI stocks and after its takeover of ABB’s robotics unit was blocked by ‌China. The Japanese tech…

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