The loss comes after the investing giant posted its first gain in six quarters in August.
Softbank Group as a whole poised a loss of about $6.2 billion.
About four months ago, an emotional Masayoshi Son told investors that SoftBank, the multinational investment holding behemoth he leads, would again shift from “defense mode” as it looks to be a leader in AI and robotics.
Late last month it was reported SoftBank itself was looking at leading a $75 million to $100 million round for Norway-based robotics startup 1X Technologies at a $375 million pre-investment valuation.
SoftBank and its affiliates also recently led a $280 million funding round for San Francisco-based location-mapping startup Mapbox, which is incorporating AI to push automated driving and safety.
There have been reports Masayoshi Son — armed with cash from U.K. chip designer Arm Holdiings’ IPO — has moved to a different investment project from the Vision Fund codenamed “Project R,” which is looking for deals in warehouse automation, AI and robotics companies.
- SoftBank May Slowly Be Starting To Play ‘Offense’ In AI Arms Race After Son’s Promise
- SoftBank Looking At Leading A $75M To $100M Investment In 1X Technologies — Report
Illustration: Dom Guzman
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