Despite these losses, SoftBank maintains a positive outlook on its AI investments. The first Vision Fund has produced more encouraging results, with the "fair value" of the fund's 94 assets split between private enterprises, publicly traded companies, and exits. The company plans to make intelligent investments while focusing on the AI trend, as announced by Softbank CEO Masayoshi Son at the firm's annual shareholders meeting.
Key takeaways:
- Despite its focus on AI investments, SoftBank has posted consecutive quarterly losses, casting doubt on its financial performance and AI investment plans.
- The Vision Funds, a key component of SoftBank's investment plan, showed a gain of $0.8 billion for the quarter, but the Latin American fund, Vision Fund 1, and Vision Fund 2 combined suffered a quarterly investment loss of 13 billion yen ($91 million).
- SoftBank's three core funds lost $6.3 billion by June 30, and the company announced a net loss of 477.6 billion yen ($3.3 billion), despite expectations of a return to profitability.
- Despite these losses, SoftBank maintains a positive outlook on AI investments, with CEO Masayoshi Son announcing a strategic counteroffensive focused on intelligent investments in the AI trend.