Cointime update: SoftBank is set to release its quarterly earnings on Tuesday, with investors seeking reassurance on strategy amid an AI-related stock selloff and a stalled acquisition of ABB’s robotics business. The group has invested heavily in AI, most notably $64.6 billion for a 13% stake in OpenAI. Net interest-bearing debt reached 10.8 trillion yen ($68 billion) at end-June, up from 6.6 trillion yen a year earlier.
SoftBank to Report Quarterly Results as AI Stock Selloff Raises Strategy Questions
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