Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
P2P Loan
Grow your wealth in fiat investment
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
WCTC S8
Rewards

SoftBank Reports $1.5B Q1 Profit Lifted by $80B OpenAI Stake on May 13

GateNews
AI Industry NewsStocks

According to Reuters, SoftBank Group is expected to report first-quarter net profit of 236 billion yen ($1.5 billion) on May 13, with gains from its OpenAI stake driving results. TD Cowen estimated SoftBank’s 11% stake in OpenAI was worth $80 billion at the end of March, after the ChatGPT maker’s valuation rose to $840 billion in its latest funding round.

SoftBank plans to invest an additional $30 billion in OpenAI in 2026 and about $25 billion in other AI deals, bringing its total OpenAI investment to $64.6 billion. S&P Global Ratings cut its outlook on SoftBank to negative, citing concentration risk from the large OpenAI exposure.

View Source
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related News

05-12 01:19
Microsoft-OpenAI Deal Caps Revenue Share at $38 Billion Through 2030, Per Latest Agreement
05-12 00:31
Microsoft Sought $92 Billion Return From OpenAI Investment, CEO Testifies in Court
05-12 00:13
SoftBank in Talks with Macron on AI Data Center Project in France, Up to $100 Billion Investment Possible This Month
05-11 22:39
Goldman Sachs Records 125.5 Billion Yen Revenue in Japan, Up 10% and Highest in 15 Years
05-11 06:50
SoftBank Q4 Net Profit Misses Forecast at 65.24 Billion Yen, Revenue Exceeds Expectations
In-Depth Analysis

OpenAI Official Announcement: DeployCo Has Been Officially Established, With an Initial Capital Injection of More Than $4 billion

Market Whisper05-12 02:49

Sharplink Q1 Revenue Hits $12.1M on ETH Staking Growth

Crypto Frontier05-12 00:36

OpenAI employees sell $6.6 billion worth of shares, with an average profit of $11 million per person

ChainNewsAbmedia05-11 08:56
Comment
0/400
No comments