SoftBank reported a significant increase in its Q2 net profit, reaching $16.6 billion, more than doubling from the previous year. This surge was primarily driven by valuation gains in its OpenAI holdings, which contributed $14 billion in gains during the quarter. The Japanese conglomerate's AI revenue also saw a remarkable 93% annualized growth. Looking ahead, SoftBank plans to invest an additional $22.5 billion in OpenAI through its Vision Fund 2 in December. This move is part of its broader strategy to expand its presence in the AI and robotics sectors.