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SoftBank plans Vision Fund layoffs; sources: nearly 20% of staff will be impacted as SoftBank shifts resources to Masayoshi Son's large-scale AI bets in the US

- Vision Fund shifts focus to support AI ambitions of founder Masayoshi Son  — Son's strategy returns to high-risk, high-reward investments

Reuters Krystal Hu

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  • @edzitron.com Ed Zitron on bluesky
    Ancient Mariner “stoked” about recent Albatross shooting  —  www.reuters.com/business/wor...  [image]
  • @jawnpaulsarte @jawnpaulsarte on bluesky
    yeah they're definitely laying these guys off to throw MORE money at AI, something softbank is definitely doing with their very successful AI bets [embedded post]