Tech
SoftBank swings to $7bn loss after writing off $3.7bn of AI power gear
SoftBank Group swung to a net loss of ¥1.12tn ($7.1bn) in the July to September quarter. The biggest single hit was a $3.7bn writedown on power equipment for US AI data centres. SoftBank had paid for it in advance, then changed its plans. The SoftBank loss compares with a ¥2.5tn profit a year earlie
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SoftBank swings to $7bn loss after writing off $3.7bn of AI power gear
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