Masayoshi Son’s bill this quarter is truly shocking: SoftBank lost ¥1.12 trillion in a single quarter, equivalent to $7 billion, after earning ¥2.5 trillion in the same period last year. Most of the loss came from its U.S. AI data centers—a change in plans for purchasing power-generation equipment led to a loss of ¥597.2 billion in just six months. Put simply, the AI race is burning through money far faster than it’s making any. Even more ironic, the stock was up 13.9% before Tuesday’s earnings report, only to plunge 10% today. In the AI race, someone will have to foot the bill sooner or later. $SFTBY