Overview

• SoftBank's Vision Fund reported losses of $32 billion in the year ending March 31 due to drops in the valuations of its investments.
• SoftBank has sold some of its holdings to raise cash and cut staff at the Vision Fund by nearly a third.
• SoftBank's CEO remains hopeful about AI investments but the company has been more cautious in deploying cash recently.
• The Vision Fund's portfolio companies in India like Swiggy and Ola have seen their valuations drop significantly.
• SoftBank avoided an even bigger yearly loss thanks to the sale of Alibaba shares that raised $15 billion.