SoftBank rides the AI wave as OpenAI lifts Vision Fund to $19 billion gain

Group 1 - SoftBank reported a $19 billion gain on its Vision Fund for the fiscal second quarter ending September 30, with a previous gain of $4.8 billion in the first quarter [1][2] - The company is actively investing in artificial intelligence, focusing on acquisitions that enhance its capabilities in robotics and Artificial Super Intelligence (ASI) [2] - Despite a recent slump in stock value due to concerns over an AI bubble, SoftBank's shares have increased over 140% this year, indicating a recovery in its tech investment arm [3] Group 2 - SoftBank's profit for the quarter reached 2.502 trillion yen, significantly exceeding the expected 206.89 billion yen, and up from 1.18 trillion yen net profit a year earlier [7] - Revenue for the quarter was 1.92 trillion yen, slightly above the LSEG estimate of 1.9 trillion yen [7] Group 3 - The company approved its final tranche of funding to complete a $30 billion investment in OpenAI, with a condition that the total investment could be reduced to $20 billion if OpenAI did not restructure into a for-profit entity by December 31 [4] - OpenAI has recently completed its recapitalization, establishing itself as a nonprofit with a controlling stake in its for-profit business, now known as OpenAI Group PBC [5]