SoftBank records $46 billion Vision Fund gain as OpenAI valuation climbs
SoftBank's Vision Fund saw a $46 billion gain, primarily driven by its substantial investment in OpenAI.Summary
SoftBank Group's Vision Fund reported a significant $46 billion gain for the fiscal year ending March, with nearly all of this return attributed to the rising valuation of its investment in OpenAI. The AI startup generated approximately $45 billion in gains after SoftBank invested over $30 billion. This reliance means 98% of the fund's performance is tied to OpenAI, as other investments like Coupang, DiDi Global, and Klarna detracted from overall performance. In the final quarter alone, OpenAI accounted for almost all of the Vision Fund's $20 billion gain, while other holdings incurred losses. SoftBank has committed over $64 billion to OpenAI, making it central to its AI strategy. The investments, which began in 2024 and expanded rapidly, saw OpenAI's valuation surge from $157 billion in October 2025 to $852 billion by March 2026, a 5.4x increase. OpenAI also reached a $2 billion monthly revenue run rate by March. SoftBank reported a 5 trillion yen annual net profit, emphasizing financial discipline despite its growing AI exposure.
(Source：Crypto Briefing)