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The SoftBank Vision Fund is a venture capital fund founded in 2017. It is managed by SoftBank Investment Advisers, a subsidiary of the SoftBank Group. With over $100 billion in capital, it is the world's largest technology-focused investment fund. [2] In 2019, SoftBank Vision Fund 2 was founded. [3] [4]
President-elect Donald Trump joined SoftBank Group CEO Masayoshi Son to announce plans by the Japanese company to invest $100 billion in U.S. projects over the next four years. Trump announced the ...
Japanese technology company SoftBank Group Corp. reported a 369.2 billion yen ($2.4 billion) loss for the fiscal third quarter as it racked up red ink from its Vision Fund investments. The report ...
Son is philosophical about his missteps, such as SoftBank's $18.5 billion investment in co-working space provider WeWork, which sought bankruptcy protection last year. SoftBank also invested in ...
SoftBank Group's net profit was $45.88 billion (¥4.99 trillion). [131] It was the largest recorded annual profit by a Japanese company in history. [131] The same month, Softbank's Vision Fund 2 announced investment in the eToro SPAC merger PIPE of $650 million. [132]
The Japanese technology conglomerate SoftBank Group said it would lose a staggering $24 billion on investments made through its Vision Fund and bets on the co-working real estate company WeWork ...
Trump said the investments in building artificial intelligence infrastructure would create 100,000 jobs, twice the 50,000 promised when Son pledged $50 billion in U.S. investments after Trump's victory in 2016. Son, a founder and CEO of SoftBank Group, is known for making bold choices that sometimes pay big and sometimes don't.
[9] [10] The morphing of his own telecom company SoftBank Corp. into an investment management firm called SoftBank Group Corp. made him noted worldwide as a stock investor. He is known for his bold investment strategies, [11] [12] sometimes resulting in major losses, particularly with the first and second SoftBank Vision Funds. [13] [14] [15]