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SoftBank rides the AI wave as OpenAI lifts Vision Fund to $19 billion gain
- On Tuesday, SoftBank Group posted a $19 billion gain on its Vision Fund in the fiscal second quarter ended Sept. 30, with profit hitting 2.502 trillion yen, well above the 206.89 billion yen expectation.
- The investment deal with OpenAI specified a clause that could reduce SoftBank's total to $20 billion if restructuring missed Dec. 31, and last month SoftBank approved the final tranche to complete a $30 billion investment.
- Earlier in the year, the Vision Fund rose $4.8 billion in SoftBank's fiscal first quarter as revenue for the fiscal second quarter hit 1.92 trillion yen, surpassing estimates.
- Last week, SoftBank's stock lost nearly $50 billion in market cap, its worst weekly drop since March 2020, yet shares are up over 140% this year.
- SoftBank is ploughing ahead with investments and acquisitions to bolster its presence in AI, robotics and Artificial Super Intelligence at its Tokyo, Japan headquarters logo photographed on January 22, 2025.
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24 Articles
24 Articles
Japan’s SoftBank says it has sold its shares in Nvidia for US$5.8 billion, turning its focus to OpenAI
Japanese technology giant SoftBank said Tuesday it has sold its stake in Nvidia, raising US$5.8 billion to pour into other investments. It also reported its profit nearly tripled in the first half of this fiscal year from a year earlier.
·Canada
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SoftBank sells Nvidia stake for $5.8 billion to fund AI investments — What does it mean for shareholders?
Tokyo-based SoftBank Group's sale of the Nvidia stake not only reflects a shift of focus on OpenAI but also highlights its positive outlook on AI investments at a time when investors are questioning the sheer amounts of capital chasing a technology with uncertain future returns.
·New Delhi, India
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Coverage Details
Total News Sources24
Leaning Left3Leaning Right1Center9Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
L 23%
C 69%
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