SoftBank Group reported a net loss of 369.2 billion yen ($2.4 billion) in Q3 as the Vision Fund’s public holdings declined, adding pressure on founder Masayoshi Son’s $500 billion Stargate AI push.
The Vision Fund lost 309.9 billion yen, impacted by the falling valuations of Coupang and Didi Global.
Amid financial struggles, SoftBank is expanding in AI, launching “Cristal Intelligence” with OpenAI and developing AI-RAN with Nvidia.
Son is exploring financing options for Stargate, aiming for 10% equity funding and 70% through senior loans.
The Vision Fund retains unlisted startups like ByteDance and eFishery, which are facing regulatory and financial hurdles.
SoftBank remains focused on AI infrastructure, with Son predicting Artificial General Intelligence (AGI) will arrive sooner than expected.
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