TECH - SoftBank's Billion-Dollar Bet: Switching From Startups To Semiconductors AI | Benzinga
SoftBank Group Corp’s (OTC:SFTBF) (OTC:SFTBY) founder Masayoshi Son is pivoting from venture capital to investments in semiconductors and artificial intelligence (AI).
Since the end of 2021, the firm’s flagship Vision Fund has been divesting or marking down billions of dollars in publicly listed holdings. It has reportedly reduced its U.S.-listed portfolio by nearly $29 billion.
The fund, once a major force in technology, has also cut back on staff and slowed its investment rate, Bloomberg