SoftBank Reports Record Profits, Boosts AI Investments

SoftBank Corp. has made significant strides in developing its AI-RAN (artificial intelligence radio access network) technology, achieving carrier-grade performance for 5G networks that can run AI workloads concurrently. The company announced its advancements on November 13, 2024, including the launch of its AITRAS solution and collaboration with NVIDIA on a virtual Radio Access Network powered by the GH200 Grace Hopper Superchip. Financially, SoftBank reported a quarterly profit of ¥1.18 trillion ($7.7 billion), a rebound from a loss of ¥931 billion ($6 billion) the previous year, largely due to successful investments from its Vision Fund and strategic bets in the AI sector, including a $500 million investment in OpenAI. These developments reflect SoftBank's renewed focus on AI technology as a key growth area, with plans to leverage its significant cash reserves for future investments. The company's Vision Fund is adopting a selective investment strategy, targeting transformative AI companies and ensuring alignment with long-term goals. This comprehensive strategy positions SoftBank as a strong player in the evolving AI market, bolstered by its recent financial turnaround and technological innovations.