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SoftBank has announced that its net asset value has surged, largely due to its chip-design unit, Arm. The company has committed to making five investments in artificial intelligence (AI), each worth $1 billion. SoftBank has transitioned its focus to AI after previously being centered on telecommunications and holding a significant stake in Alibaba. Despite experiencing losses in the past three years, SoftBank's net total assets have reached $183.6 billion as of March 31, with Arm accounting for nearly half of the group's assets. The company is betting on the growth of AI and has resumed an active search for investment opportunities. [Extracted from the article]

SoftBank, a global tech investor, experienced an 11% increase in shares due to higher revenue at its chip-design subsidiary, Arm. This surge in shares is the largest daily jump in nearly two years for SoftBank. SoftBank also reported its first quarterly profit in over a year, earning 950 billion yen ($6.4 billion) in the last three months of 2023. While SoftBank's founder, Masayoshi Son, has faced setbacks in his AI investments, Arm's strong performance is helping to offset those losses. Arm's revenue forecast for the first quarter of 2024 is expected to be at least $850 million, and its shares jumped 60% in response. [Extracted from the article]

Adam Neumann, the former CEO of WeWork, could potentially benefit financially from the company's bankruptcy. Neumann left WeWork four years ago as a billionaire due to stock sales and an exit package. In 2019, SoftBank committed billions of dollars to bail out WeWork, and Neumann negotiated concessions and payments from the company. One of these concessions was a $430 million loan from SoftBank, which Neumann could potentially walk away from, leaving his shares in WeWork as collateral. Another winner from WeWork's bankruptcy is Rajeev Misra, a part-time SoftBank executive whose investment fund made a profit of about $105 million on a loan to WeWork. SoftBank has lost over $14 billion on its investments in WeWork. [Extracted from the article]

For instance, the publicly traded shares held by SoftBank's flagship Vision Fund are down 37% from SoftBank's initial investment - a loss of $11.5 billion. Keywords: wsjfinance-eur; Telecommunication Services; Wireless Telecommunications Services; Mobile Telecommunications; Legal Services; Business/Consumer Services; Financial Performance; Earnings; Corporate/Industrial News; Content Types EN wsjfinance-eur Telecommunication Services Wireless Telecommunications Services Mobile Telecommunications Legal Services Business/Consumer Services Financial Performance Earnings Corporate/Industrial News Content Types N.PAG N.PAG 1 02/09/23 20230208 NES 230208 Tech investment company has shifted to defensive strategy Graph: Masayoshi Son, chief executive of SoftBank Group, in 2020; Tuesday marked the first quarterly earnings presentation in years that Mr. Son didn't attend. [Extracted from the article]

The shift away from the Chinese internet giant leaves SoftBank increasingly reliant on the Vision Fund, where losses continue to deepen. [Extracted from the article]

Charts with flying unicorns and geese laying golden eggs are set to be replaced with a more sedate performance amid a plunge in tech valuations. [Extracted from the article]

Despite massive losses, Japanese billionaire Masayoshi Son has tried to chart a new path for the tech investment giant. [Extracted from the article]

Keywords: kwexclusive; Telecommunication Services; Wireless Telecommunications Services; Mobile Telecommunications; Banking; Commercial Banking; Credit Types/Services; Trusts/Funds/Financial Vehicles; Alternative Investments; Banking/Credit EN kwexclusive Telecommunication Services Wireless Telecommunications Services Mobile Telecommunications Banking Commercial Banking Credit Types/Services Trusts/Funds/Financial Vehicles Alternative Investments Banking/Credit N.PAG N.PAG 1 06/21/21 20210619 NES 210619 Swiss bank was one of the Japanese businessman's biggest personal lenders, but stock-based loans were liquidated in the recent months, according to filings The Swiss lender has backed away from lending to SoftBank and founder Masayoshi Son, according to regulatory filings and people familiar with the matter, as it tries to limit risk in the wake of Greensill and Archegos collapses. PHOTO (COLOR): Masayoshi Son had long used Credit Suisse and other banks to borrow money against the value of his substantial holdings in SoftBank. [Extracted from the article]