👩🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔♂️ A friendly human may check it before it goes live. More news here
🧔♂️ A friendly human may check it before it goes live. More news here
SoftBank sees Vision Fund rebound with $3.96b gains
SoftBank, a Japanese conglomerate, reported a gain of 608.5 billion yen (US$3.96 billion) in its Vision Fund for the fiscal second quarter ending September 30.
The Vision Fund overall increased by 373.1 billion yen (US$2.5 billion), including administrative expenses and third-party impacts.
This marked a shift from a 204.3 billion yen (US$1.37 billion) loss in the first quarter, driven by improved valuations in firms like Coupang, Didi Global, and Bytedance.
The Vision Fund saw gains from Arm Holdings’ public listing, where SoftBank holds a major stake.
Recent SoftBank developments
| Timeline |
|---|
11-Nov-2024 📈 SoftBank projects $1.87b profit, focuses on AI strategy
|
05-Nov-2024 🚗 SoftBank develops AI system to assist autonomous vehicles
|
01-Oct-2024 💰 SoftBank pours $500m into OpenAI
|
20-Jun-2024 🚀 SoftBank’s Masayoshi Son set for ‘next big move’: report
|
14-May-2024 🤖 SoftBank eyes up to $150m deals in India’s AI infrastructure space
|
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.