SoftBank’s flagship investment arm, the Vision Fund, reported losses for a fourth consecutive quarter as its tech firm stakes continue to shrink in...
SoftBank’s flagship investment arm, the Vision Fund, reported losses for a fourth consecutive quarter as its tech firm stakes continue to shrink in valuation.
The... SoftBank’s flagship investment arm, the Vision Fund, reported losses for a fourth consecutive quarter as its tech firm stakes continue to shrink in valuation. The flagship tech investment vehicle Vision Fund has historically poured into start-ups and listed tech giants but has admitted that the tech rout in the past year has led to an “overall decrease in the fair value of portfolio companies”.
The weaker-performing companies it’s talking about include Hong-Kong-listed AI firm SenseTime 20 , which has plummeted 58% in the last 12 months, and Indonesian technology firm GoTo GOTO , which is down 68% in the last year.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SoftBank's Vision Fund posts fourth straight quarter of losses as tech slump hits Japanese giantSoftBank's flagship investment arm, the Vision Fund, has been hit by a slump in technology valuations over the past year.
Read more »
SoftBank posts loss as Vision Fund in the red for fourth straight quarterSoftBank Group Corp on Tuesday booked a net loss for October-December, as its giant Vision Fund investment unit remained in the red for a fourth straight quarter while a global tech sell-off battered valuations of its portfolio companies.
Read more »
SoftBank tumbles to loss as Vision Fund in red for fourth straight quarterJapan's SoftBank Group Corp fell to a quarterly loss on Tuesday, as its giant Vision Fund investment unit remained in the red for a fourth straight quarter, sharpening focus on when markets will recover enough to allow it to list some assets.
Read more »
Column: How tech is changing L.A. — and how L.A. is changing techIncreasingly offering products untethered to the average consumer's needs, the tech industry has been dwelling in La La Land. Its real-world expansion into L.A. is no coincidence.
Read more »
Blobs of Human Brain Implanted in Rat Brains Replace Damaged Vision FunctionalityA team of researchers at the University of Pennsylvania has inserted human neurons into the brains of rats with damaged visual cortices.
Read more »
How Lumeo Simplifies Video Analytics With A Low/No Code Vision AI PlatformFounded by Devarshi Shah and Chris Bruce, Lumeo is one of the upcoming startups in the low-code computer vision AI platform segment.
Read more »