*Walter Bloomberg
@DeItaone
Joined August 2014
40 Following 2M Followers
SOFTBANK SIGNALS AI INVESTMENT SLOWDOWN AFTER $7 BILLION LOSS
SoftBank is considering pulling back from aggressive AI spending after swinging to a $7 billion quarterly loss.
CFO Yoshimitsu Goto acknowledged a shift toward caution:
“It is only natural that there is some discussion now about waiting and seeing how things play out for a little while.”
The comments signal a potential pause in SoftBank's AI investment spree, including its exposure to OpenAI, as the AI trade comes under pressure.
One of AI's biggest backers is signaling that even aggressive investors may need to slow down.
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