This time, Masayoshi Son is really burning through cold, hard cash: SoftBank posted a net loss of ¥1.12 trillion in Q2, when the market had expected it to earn ¥129.3 billion. Just like that, it went from profit to loss.
Where did the losses come from? Its subsidiary Silver Bands 7 booked ¥597.2 billion in payments over six months to secure electricity for its U.S. AI data centers. You read that right—the AI arms race has reached the power grid. After scrambling for chips, everyone’s now scrambling for electricity, and SoftBank has gone straight out and bought power plants.
Its bet on OpenAI is even wilder: it has poured in a total of $54.6 billion, then added another $10 billion in October. The current fair value is $99.6 billion. With half its portfolio riding on a company that isn’t even publicly listed yet, Masayoshi Son has turned SoftBank into OpenAI’s ATM. At least its unrealized gains on its Intel stake—¥1.06 trillion—helped paper over the results.
Tonight at 8:30 PM Beijing time, the U.S. October CPI report drops. Bets on a December rate hike have reached 79.5%, and Brent crude is down 22% from its high. Risk assets are all waiting for this data to decide their fate.
The AI story keeps getting bigger, and so do the bills. In the end, it’s the shareholders who foot them. $BTC $ETH $SOL
NFA DYOR
#软银 #OpenAI #AI #CPI #Cryptocurrency
Where did the losses come from? Its subsidiary Silver Bands 7 booked ¥597.2 billion in payments over six months to secure electricity for its U.S. AI data centers. You read that right—the AI arms race has reached the power grid. After scrambling for chips, everyone’s now scrambling for electricity, and SoftBank has gone straight out and bought power plants.
Its bet on OpenAI is even wilder: it has poured in a total of $54.6 billion, then added another $10 billion in October. The current fair value is $99.6 billion. With half its portfolio riding on a company that isn’t even publicly listed yet, Masayoshi Son has turned SoftBank into OpenAI’s ATM. At least its unrealized gains on its Intel stake—¥1.06 trillion—helped paper over the results.
Tonight at 8:30 PM Beijing time, the U.S. October CPI report drops. Bets on a December rate hike have reached 79.5%, and Brent crude is down 22% from its high. Risk assets are all waiting for this data to decide their fate.
The AI story keeps getting bigger, and so do the bills. In the end, it’s the shareholders who foot them. $BTC $ETH $SOL
NFA DYOR
#软银 #OpenAI #AI #CPI #Cryptocurrency