America’s datacentre buildout is hurting Japanese giant Softbank, as the company reports $7 billion net loss; but remains optimist as CFO Yoshimitsu Goto sees much promise in …

Softbank has reported a significant quarterly loss of $7 billion due to high expenses from US data centres. The company raised an unprecedented amount, totaling $56.5 billion in the July-September quarter. Despite the losses, Softbank expects to offset costs through rebates on future purchases. Chief Financial Officer Yoshimitsu Goto remains optimistic about the growing potential of data centre projects.