SoftBank Reports Significant Loss as It Prepares for Major AI Venture

SoftBank Group Corp. recently announced a substantial financial setback, revealing a considerable net loss for the third quarter of the fiscal year, a shift driven largely by the fallout from a series of strategic investment choices. This news comes as the company gears up for an ambitious investment in its forthcoming AI initiative, dubbed Stargate, which is anticipated to be a game-changer in its recovery strategy.

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