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SoftBank Vision Fund co-CEO Rajeev Misra to leave company

Rajeev Misra is set to resign from his roles as co-head of SoftBank Investment Advisers and SoftBank Global Advisers.

Following his departure, Alex Clavel will become the chief executive officer of both divisions.

The company said Tuesday that Misra will no longer have an official role there.

This announcement follows Misra’s earlier exit from executive roles at SoftBank Group in August 2022. He then established One Investment Management, a fund with US$6 billion from Abu Dhabi.

Recent SoftBank developments

Timeline
12-Nov-2024 📈 SoftBank sees Vision Fund rebound with $3.96b gains
  • SoftBank’s Vision Fund gains ¥608.5B in Q2.
  • Shift from loss last quarter; boosted by Arm listing.
11-Nov-2024 📈 SoftBank projects $1.87b profit, focuses on AI strategy
  • SoftBank reports quarterly profit of 287 billion yen.
  • Plans to develop AI chips in collaboration with Arm.
05-Nov-2024 🚗 SoftBank develops AI system to assist autonomous vehicles
  • SoftBank tests AI for remote vehicle support.
  • Field trial started at Keio University campus.
01-Oct-2024 🤖 SoftBank pours $500m into OpenAI
  • SoftBank to invest $500M in OpenAI funding
  • OpenAI valued at $150B in $6.5B funding round
20-Jun-2024 🚀 SoftBank’s Masayoshi Son set for ‘next big move’: report
  • Masayoshi Son plans new investments in AI.
  • SoftBank aims to boost renewable energy initiatives.

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