SoftBanks Vision Fund ekes out gain but company posts $6.2 billion quarterly loss

▤ Summary

This offset a decline in the value of companies SoftBank is invested in, such as Chinese artificial intelligence firm SenseTime. Last year, SoftBanks high-profile founder Masayoshi Son noted the firm would go into "defense" mode, slowing the pace of its investment and being more cautious. In June, Son flagged a shift into "offense" mode, touting his excitement around the potential of artificial intelligence technology. Arm on Wednesday reported its first set of results since its IPO, posting an annual rise in revenue for the September quarter. However, the semiconductor firm gave guidance for the December quarter that disappointed investors, sending its shares lower in after-hours trade in the U.S.

▦ Linked Companies