SoftBank Reports First Net Loss in Nearly Two Years as Vision Fund Posts Quarterly Loss

SoftBank Group’s Vision Fund segment posted a quarterly loss as falling technology shares added pressure to the Japanese AI investor, which recorded its first companywide net loss in nearly two years.

SoftBank lost about $7.1 billion in its fiscal second quarter, reversing a profit a year earlier.

Lower share prices for Arm, Intel and Coupang also weighed on its holdings.

The Vision Fund segment oversees stakes in hundreds of technology startups. SoftBank is increasingly viewed as a gauge of sentiment toward OpenAI and the broader AI sector.

SoftBank shares have fallen more than 50% from a record high reached in June. The decline has come alongside concerns about borrowing to finance the company’s large AI investments.