The Tokyo-based company reported a net loss of 369.2 billion yen ($2.4 billion) in the third quarter, compared to profits from the previous year’s 95 billion years ago. The Vision Fund Unit recorded a loss of 309.9 billion years, reduced by public property such as Coupang and Didi Global, losing some of its profits from the last quarter.
Vision Fund’s performance volatility continues to weigh SoftBank despite embarking on an ambitious AI infrastructure project using Openai. My son is raising funds for Stargate. One scenario involves earning 10% of the total amount while securing up to 70% through advanced loans.
The Vision Fund owns hundreds of non-listed startups, including ordinances that are under pressure to sell or close Tiktok, as well as Indonesia’s Agritech Company Efishery, facing claims of potential liquidation and accounting fraud. It’s there.
Softbank’s AI ambitions remain strong despite economic headwinds. In partnership with Openai, we launched Cristal Intelligence, an enterprise-focused AI system, and established SB Openai Japan, which we sell to major Japanese companies. We are also developing Aitras, an AI-driven radio access network (AI-RAN) equipped with NVIDIA, and are building a next-generation AI data center in Sakai, Japan, which is scheduled to be released in 2026. .
His son announced the Stargate AI project last month with Open and former US President Donald Trump. Details remain unknown, but the initiative has gained support from key players, including Oracle and the UAE MGX.
“The potential use of Stargate’s project finance is to reduce SoftBank investment to below the joint venture’s first $100 billion, as it has only 10% of its stock funds, and sell assets to raise funds. It could reduce sex.”
Despite its economic struggle, SoftBank remains committed to establishing itself as a leader in AI infrastructure, with CEO Masayoshi’s son saying that artificial general information (AGI) is sooner than expected. I’m expecting it to arrive.
– Use Bloomberg input
First published: February 12, 2025, 3:28pm
