Economy: SoftBank takes $7 billion in losses, AI bet turns sour

SoftBank reported a $7 billion quarterly loss, driven by a charge tied to its data center operations and rising financing costs. The result marks a sharp reversal for the Japanese conglomerate, whose aggressive AI and infrastructure bets are now weighing on its balance sheet. The loss underscores how surging capital expenditure on data centers and higher funding expenses are pressuring returns on SoftBank's technology-focused strategy. Investors will watch whether the company slows its AI infrastructure spending or restructures financing as it seeks to restore profitability.