Jinshi data news on February 12th, Japanese technology investor SoftBank Group's net loss in the October-December quarter was 369.2 billion yen (24 billion U.S. dollars) due to the devaluation of its investment department's "Vision Fund". This loss will further raise questions about SoftBank's ambitious plan, namely the massive investment in the artificial intelligence company OpenAI. Sources in January said SoftBank was negotiating an investment of up to $25 billion in OpenAI. Recent media reports have increased this figure to $40 billion, but some of it will later be allocated to other investors by the syndicate. The investment loss announced by the Vision Fund department is 352.7 billion yen, breaking the trend of two consecutive profitable quarters.
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SoftBank's third-quarter loss of $2.4 billion may raise questions about its massive investment in OpenAI
Jinshi data news on February 12th, Japanese technology investor SoftBank Group's net loss in the October-December quarter was 369.2 billion yen (24 billion U.S. dollars) due to the devaluation of its investment department's "Vision Fund". This loss will further raise questions about SoftBank's ambitious plan, namely the massive investment in the artificial intelligence company OpenAI. Sources in January said SoftBank was negotiating an investment of up to $25 billion in OpenAI. Recent media reports have increased this figure to $40 billion, but some of it will later be allocated to other investors by the syndicate. The investment loss announced by the Vision Fund department is 352.7 billion yen, breaking the trend of two consecutive profitable quarters.