SoftBank Vision Fund records $46 billion yearly gain, heavily driven by OpenAI investment surge. The Japanese conglomerate's $30 billion-plus investment in OpenAI generated $45 billion in gains for the fiscal year ending March, with the AI company now valued at $852 billion. However, concentration risk is mounting as SoftBank suffered losses across other portfolio companies including Coupang and DiDi Global. S&P Global downgraded SoftBank's outlook to negative, citing concerns about deteriorating asset liquidity and financial capacity due to massive OpenAI commitments exceeding $60 billion. To fund this aggressive AI positioning, SoftBank has been liquidating stakes in T-Mobile and Nvidia, generating $1.4 billion in proceeds.
