SoftBank posts loss, with a cumulative loss of $6.3B in its Vision Fund business

As SoftBank prepares to dive deeper into AI investments, the group posted an unexpected consecutive quarterly overall loss, as well as a continued loss in its existing investment business. SoftBank’s Vision Fund 1 and 2 and its Latin American fund together posted a quarterly investment loss of 13 billion yen ($91 million). That is significantly less than the 2,919 billion yen loss a year ago ($20 billion) but cumulatively, the company said that investments across the three funds, as of June 30, are still totalling to a $6.3 billion loss. Overall, SoftBank Group posted a net loss of 477.6 billion yen ($3.3 billion) — a surprise, as investment analysts were widely

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