SoftBank Vision Fund Cuts Workforce as It Double-Downs on Foundational AI Bets
SoftBank’s Vision Fund is set to lay off roughly 20% of its over 300 global employees as it pivots away from broad startup investments to focus strongly on foundational AI and infrastructure. The fund has seen strong returns recently and is diverting more resources into data centers, chips, and large-scale AI model capabilities. This change marks a shift in strategy toward deeper, more capital-intensive AI projects instead of a broad portfolio spread. The move may tighten funding for smaller AI startups in niche application areas.
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30 days ago
SoftBank Vision Fund Cuts Workforce as It Double-Downs on Foundational AI Bets
SoftBank’s Vision Fund is set to lay off roughly 20% of its over 300 global employees as it pivots away from broad startup investments to focus strongly on foundational AI and infrastructure. The fund has seen strong returns recently and is diverting more resources into data centers, chips, and large-scale AI model capabilities. This change marks a shift in strategy toward deeper, more capital-intensive AI projects instead of a broad portfolio spread. The move may tighten funding for smaller AI startups in niche application areas.
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SoftBank Vision Fund Cuts Workforce as It Double-Downs on Foundational AI Bets
about 1 month ago
1 min read
85 words
Vision Fund trims staff ~20% to focus on core AI infrastructure and foundational models.
SoftBank’s Vision Fund is set to lay off roughly 20% of its over 300 global employees as it pivots away from broad startup investments to focus strongly on foundational AI and infrastructure. The fund has seen strong returns recently and is diverting more resources into data centers, chips, and large-scale AI model capabilities. This change marks a shift in strategy toward deeper, more capital-intensive AI projects instead of a broad portfolio spread. The move may tighten funding for smaller AI startups in niche application areas.
SoftBank’s Vision Fund is set to lay off roughly 20% of its over 300 global employees as it pivots away from broad startup investments to focus strongly on foundational AI and infrastructure. The fund has seen strong returns recently and is diverting more resources into data centers, chips, and large-scale AI model capabilities. This change marks a shift in strategy toward deeper, more capital-intensive AI projects instead of a broad portfolio spread. The move may tighten funding for smaller AI startups in niche application areas.