SoftBank gets $8.2 billion boost from Intel as OpenAI takes a backseat

SoftBank reported strong profits in its fiscal first quarter, driven by an $8.2 billion gain on its Intel stock holdings, while its investments in AI companies like OpenAI showed no gains or losses this quarter. The company has invested $55 billion of a committed $60 billion into OpenAI and faces investor scrutiny over concentrated bets on AI and semiconductor companies.