SOFTBANK SET TO BECOME PROFITABLE.AFTER LOSING $48 BN ON VISION FUNDS
The Business Guardian|August 08, 2023
After five quarters of losses, SoftBank Group Corp.'s Vision Fund is set to earn a profit owing to artificial intelligence
SOFTBANK SET TO BECOME PROFITABLE.AFTER LOSING $48 BN ON VISION FUNDS

Fund is set to earn a profit thanks to a recovery driven by artificial intelligence that is increasing startup valuations.

After suffering losses of 6.9 trillion ($48 billion) over the course of the previous two fiscal years at the Vision Fund investment subsidiary, the Japanese conglomerate is battling to restore its footing. According to the average of expert expectations, analysts anticipate a minor profit at the fund for the three months ending in June, while SoftBank as a whole is anticipated to disclose a profit of around 73 billion on Tuesday. Whether SoftBank founder Masayoshi Son will now be able to go on the offensive and hunt for new deals hinges on the initial public offering of Arm Ltd. His chip designer is seeking to raise as much as $10 billion in a market debut as soon as September, at a valuation of between $60 billion and $70 billion. At the high end of its fundraising target, Arm would be the largest tech debut on record after Alibaba Group Holding Ltd. and Meta Platforms Inc.

هذه القصة مأخوذة من طبعة August 08, 2023 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة August 08, 2023 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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