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flag SoftBank cuts 20% of Vision Fund staff to focus on massive AI projects, including a $500B U.S. data center plan.

flag 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. flag 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. flag The company has also invested heavily in AI firms like OpenAI, Ampere Computing, and Graphcore, while facing regulatory scrutiny over key deals. flag Despite delays in some projects, SoftBank maintains a strong cash position, with around $35 billion in liquidity.

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