SoftBank Rakes in $46 Billion Boost at Vision Fund Thanks to Huge OpenAI Stake
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SoftBank's Vision Fund reported a $46 billion gain over the past year, driven by its investment in OpenAI, which yielded $45 billion in returns. The fund's performance contrasts with losses in other investments. SoftBank's total commitment to OpenAI exceeds $60 billion, aiming for 13% ownership. Despite the gains, concerns over debt and liquidity led to a negative outlook from S&P Global Ratings. The company has been selling stakes in other assets to manage risks, while maintaining a strong cash position. Overall, SoftBank achieved a net profit of 5 trillion yen for the fiscal year, largely due to the Vision Fund's success.
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