SoftBank Group reported Q1 profit of $2.87 billion, beating forecasts. Vision Fund’s $4.8 billion gain was the key driver, supported by AI-linked investments. SoftBank leads $40B funding for OpenAI and is acquiring Ampere Computing for $6.5B.

SoftBank Group on Thursday reported a significantly better-than-expected fiscal first-quarter profit, driven by a strong rebound in its Vision Fund segment.

Japanese technology investor SoftBank Group on Thursday booked a net profit of $2.87 billion in the first quarter, driven by gains among larger listed investments in its Vision Fund portfolio.