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00:03SoftBank reported a $46 billion annual gain at its Vision Fund,
00:07driven mainly by the rise in the value of its OpenAI investment, according to CNBC.
00:12The company said investment gains from OpenAI totaled $45 billion in the year ended March
00:19after investing more than $30 billion in the AI company. The Vision Fund posted a gain of around
00:25$20 billion in the March quarter, while other investments, including Coupang,
00:30Didi Global, and Klarna, recorded losses. SoftBank said it committed to invest more
00:36than $60 billion in OpenAI for around 13% ownership. S&P Global Ratings revised its outlook on SoftBank
00:43from stable to negative in March, citing concerns about portfolio quality and debt tied to the
00:48OpenAI investment. SoftBank reported a 5 trillion yen annual net profit supported by the Vision Fund
00:54and its telecommunications division. For all things money, visit Benzinga.com.
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