The wave of artificial intelligence has swept over Japanese tech giant SoftBank!

SoftBank Group reported a net profit of 517.18 billion yen (approximately $3.5 billion), a 124% increase compared to the same period last year, thanks to AI-focused chip sales. This indicates that the company is entering a strong recovery phase.

The Vision Fund unit contributed significantly to SoftBank's performance with a massive profit of $26.1 billion. Investments in artificial intelligence and semiconductor technologies are supporting the company's growth momentum.

SoftBank founder Masayoshi Son and OpenAI co-founder Sam Altman announced a massive investment plan for AI infrastructure with the US-based Stargate project, targeting an initial investment of $100 billion.

However, rising tariffs and protectionist policies in the US are creating short-term brakes on SoftBank's AI initiatives, affecting the valuation of data centers.