Sunday, August 28, 2022

The bubble that Masayoshi Son blamed for SoftBank's $23B loss last quarter is one that he helped create through Vision Fund, which distorted the VC market (Max Chafkin/Bloomberg)

Max Chafkin / Bloomberg:
The bubble that Masayoshi Son blamed for SoftBank's $23B loss last quarter is one that he helped create through Vision Fund, which distorted the VC market  —  In retrospect there were reasons to be skeptical of the Vision Fund, the attempt by the Japanese tech conglomerate SoftBank Group Corp …



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...