SoftBank May Turn Profit After $48 Billion in Vision Fund Losses
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SoftBank Group Corp.’s Vision Fund is likely to return to profitability after five quarters of losses, thanks to an artificial-intelligence-fueled rebound that’s lifting startup valuations.
The Japanese conglomerate is fighting to regain its footing after losing ¥6.9 trillion ($48 billion) at the Vision Fund investment unit in the last two fiscal years. Analysts expect a modest profit at the fund for the three months ended June, while SoftBank as a whole will likely report a profit of around ¥73 billion on Tuesday, according to the average of analyst estimates.