SoftBank Vision Fund restructures, lays off 20% to double down on AI
Softbank's Vision Fund is set to reduce its workforce by 20% as it pivots towards artificial intelligence investments. This restructuring follows a strong quarterly performance and marks a return to Masayoshi Son's high-risk, high-reward strategy. The fund will concentrate on AI infrastructure, including significant investments in OpenAI and chip design, signaling a shift away from broad venture capital.
Softbank's Vision Fund is set to reduce its workforce by 20% as it pivots towards artificial intelligence investments. This restructuring follows a strong quarterly performance and marks a return to Masayoshi Son's high-risk, high-reward strategy. The fund will concentrate on AI infrastructure, including significant investments in OpenAI and chip design, signaling a shift away from broad venture capital.
