SoftBank’s debt-fuelled AI bet faces its reckoning at earnings

SoftBank’s AI bet meets its accountants this week. When the Japanese group reports earnings, the headline profit will look healthy, but the real story is the mountain of funding commitments Masayoshi Son has stacked behind OpenAI. Analysts expect net profit of around ¥148bn, close to $940m, for the April-to-June quarter, flattered by the rising value […] This story continues at The Next Web