SoftBank's Vision Fund surged $46 billion last year, almost entirely on its OpenAI bet |
SoftBank's Vision Fund surged $46 billion last year, almost entirely on its OpenAI bet
Almost all of the Vision Fund's annual investment gain came from rising valuations on SoftBank's stake in OpenAI
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Fueled almost entirely by a surging valuation on its OpenAI holdings, the Vision Fund arm of Japanese technology group SoftBank recorded roughly $46 billion in investment gains over the twelve months through March 31.
The Vision Fund segment recorded income before income tax of ¥6,444.6 billion for the year, compared with a loss of ¥115.0 billion in the prior fiscal year, according to SoftBank's earnings release. The gain was concentrated in its second Vision Fund, which logged investment gains related to OpenAI of $42.1 billion. The fair value of SoftBank's total investment in OpenAI reached $79.6........