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

SoftBank announced first-quarter financial results for its fiscal year that exceeded analyst projections, with net profit reaching 347.3 billion yen compared to expected earnings of 120.23 billion yen. The results represented an approximately 18% decline compared to the same period the previous year.
The company’s investment division, which operates separately from its Vision Fund operations, generated 1.05 trillion yen in segment profit, largely due to a 1.3 trillion yen gain on its hold