Overview

• A Vision Fund spokesperson confirmed the global reduction, which affects roughly a fifth of a team numbering over 300 employees.
• The reorganization moves resources away from a broad startup portfolio toward capital‑intensive AI infrastructure, including the proposed $500 billion Stargate data‑center network linked to OpenAI.
• Remaining personnel will keep making new investments but will prioritize Masayoshi Son’s high‑conviction strategy centered on AI and compute.
• The cuts follow the fund’s strongest quarterly performance since mid‑2021, propelled by gains in Nvidia and South Korea’s Coupang.
• SoftBank acknowledges execution and financing risks, with CFO Yoshimitsu Goto citing Stargate delays, positive interest from major banks, and cash reserves of about ¥4 trillion.