SoftBank

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

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Mashreq prices Dim Sum bond

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Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.
  • Tokyo, Japan -- Japanese tech investor SoftBank said Wednesday that its stake in OpenAI is now around 11 percent after completing the second stage of a $41-billion investment in the maker of ChatGPT. Having made colossal profits as well as losses on previous investments, flamboyant founder Masayoshi Son has pivoted...