SoftBank Vision Fund Swings to Profit

08:33pm, Tuesday, 08'th Aug 2023
SoftBank's Vision Fund eked out its first profit in more than a year and says it's cautiously resuming investment to capitalize on opportunities in AI and other emerging tech. Mayumi Negishi reports o
Softbank expects exits from its investments in Latin American startups to intensify from 2025 as the region's prospects improve, Alex Szapiro, regional head and managing partner at the firm, told Reut

The AI Frenzy Resurrects the Old SoftBank

09:18am, Tuesday, 08'th Aug 2023
The tech downturn didn't chasten SoftBank for long. Signs of overexuberance are already reappearing along with the new bull market.
Apple and Samsung Electronics will invest in SoftBank Group -owned chip designer Arm at its initial public offering (IPO), expected in September, Japan's Nikkei newspaper reported on Tuesday.
Analysts were hoping for a return to profitability for SoftBank in the build-up to its first quarterly earnings call for the 2023 financial period. Unfortunately, the sprawling Japanese conglomerate e
A return to profit for SoftBank's Vision Fund wasn't able to stem the red ink for the investment company.
Japan's SoftBank Group reported a surprise loss of 477.6 billion yen ($3.3 billion) in April-June, its third straight quarter of losses.
Richard Kaye, portfolio manager at Comgest, says the Arm initial public offering is an "important game changer," but there will be "other game changing events."
Earnings this week will shed light on whether the artificial intelligence-fueled rebound in the technology sector is little more than hype. Gareth Allan reports on Bloomberg Television.
Japan's SoftBank Group is likely to report a return to profit when it announces first-quarter earnings on Tuesday, analysts said, as its Vision Fund investing arm's portfolio of technology stocks enjo
SoftBank once invested in social app IRL at a $1.1 billion valuation. Now, the Japanese investment firm is suing the defunct company for fraud, alleging $150 million in damages.
Buzzy social media startup IRL launched in Apr. 2021 and was seemingly "one of the fastest growing social media apps for Generation Z," the complaint alleges.
AI may have found a center of gravity in the Bay Area, but we're seeing a lot of activity elsewhere among those who believe that there is a market opportunity ensuring that the pace of innovation does
Japan's SoftBank Corp , the domestic telecoms arm of SoftBank Group , posted a 2.1% increase in first quarter operating profit on Friday.
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