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SoftBank Group has shown signs of a comeback with a Q4 profit, marking a shift from previous losses. The Vision Funds posted a $4.6 billion annual gain, emphasizing a focus on AI investments. SoftBank has divested its stake in Alibaba to concentrate on AI, particularly with its subsidiary Arm Holdings. The company plans to invest in Indian data centers and industrial robotics to bolster its AI strategy.
SoftBank has sold nearly all of its stake in Alibaba $BABA as it shifts to an AI-centric portfolio. $BABA was once 48% of SoftBank's net asset value and now it is "almost zero", while Arm $ARM now accounts for 45%.
SoftBank eyes up to $150m deals in India’s AI infrastructure space https://t.co/nfG5Wd9nh2
🚨 SoftBank plans to invest in Indian data centres, industrial robotics as part of AI play @chandrarsrikant & @deepsekharc ✍️ https://t.co/A1AK1IFIRe