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SoftBank cuts 20% of Vision Fund staff to focus on massive AI projects, including a $500B U.S. data center plan.
SoftBank's Vision Fund is laying off 20% of its workforce, about 50 employees, as founder Masayoshi Son redirects the company's focus toward large-scale artificial intelligence investments.
This marks the third round of layoffs since 2022 and reflects a strategic shift from broad venture capital bets to capital-intensive AI initiatives, including a proposed $500 billion Stargate project with OpenAI and Oracle to build U.S. data centers.
The company has also invested heavily in AI firms like OpenAI, Ampere Computing, and Graphcore, while facing regulatory scrutiny over key deals.
Despite delays in some projects, SoftBank maintains a strong cash position, with around $35 billion in liquidity.
SoftBank recorta el 20% del personal de Vision Fund para centrarse en proyectos masivos de IA, incluido un plan de centro de datos estadounidense de $ 500 mil millones.