
SoftBank has reported a profit of $1.87 billion, attributed to public listings and potential AI chip developments with ARM and Graphcore, underscoring the strategic importance of artificial intelligence in its portfolio. Masayoshi Son, CEO of SoftBank, emphasized the company's vision for AI, describing it as 'super wisdom' aimed at enhancing human happiness. The company's Chief Financial Officer provided insights into its investment in OpenAI, revealing a $500 million contribution from the SoftBank Vision Fund 2 during a funding round in September, which valued OpenAI at approximately JPY 157 billion. OpenAI is experiencing significant growth, with its ChatGPT+ subscriber base reaching 11 million and monthly website visits surging from 1.7 billion to 3.7 billion in September 2024. Revenue projections for OpenAI indicate a remarkable 131% increase year-on-year, expected to reach JPY 370 billion. Joshua Kushner, a prominent investor, praised OpenAI's exponential growth as unprecedented.
"He has defied expectations on everything he's been apart of," @ThriveCapital founder and CEO @JoshuaKushner said of Elon Musk onstage at the #FortuneGlobalForum. https://t.co/0A0fLLtgAV https://t.co/HCtUP69kR6
.@JoshuaKushner told #FortuneGlobalForum he bet $1.3 billion on OpenAI for two reasons. https://t.co/p9apmhjQwZ
SoftBank reports a $1.87B profit, driven by public listings and potential plans for #AI chips with #ARM and Graphcore, showing AI's strategic centrality💰 #AIInvestment #ArtificialIntelligence #Business https://t.co/2GMv2nlvzN


