SoftBank Vision Fund Hit With More Losses

Artificial intelligence • Robotics • Startups • Venture

SoftBank Vision Fund Hit With More Losses

February 12, 2025

Chris Metinko

reported a net loss of nearly $2.4 billion for its fiscal third quarter, with another quarter in the red for its once-heralded unit.

The Vision Fund unit, famed for its investment in startups including and , lost about $2 billion as shares of and fell.

The losses come just weeks after the White House announced its new $500 billion AI , in which SoftBank is looking to invest $19 billion, per .

SoftBank also is looking to invest $40 billion into , the creator, at a $260 billion valuation.

The Vision Fund drop is nothing new, as SoftBank has pulled back on investments since 2022 鈥� after interest rates began to rise and venture capital as a whole saw a significant pullback. In mid-2023, founder told investors the multinational investment holding behemoth would again shift from 鈥渄efense mode鈥� as it looks to be a leader in AI and robotics.

Not done yet

Since then, the company has doubled down on AI deals even as it has shifted away from its Vision Fund.

However, just this week SoftBank put its Vision Fund unit back to work. SoftBank and both took part in a whopping $230 million round for Boston-based neutral-atom quantum firm .

The fund unit also took part in this week鈥檚 $125 million Series C for AI-powered workflows startup . The new round valued the company at $1.1 billion.

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