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SoftBank Group reported a quarterly net profit of 248.59 billion yen ($1.62 billion) for the three months ending December, recovering from a net loss of Y369.2 billion in the same period last year. The Vision Funds business generated a profit of Y735.49 billion.

The company is in talks to invest up to $30 billion in OpenAI, with total investments in the firm valued at $54.4 billion. SoftBank also agreed to acquire DigitalBridge Group for $4 billion and ABB's robotics business for $5.4 billion.