After about a year of essentially sitting on the sidelines, SoftBank Group—once notorious for writing enormous checks at rapid speeds—is crawling back into the ring.
“We've been carefully restarting our investment activities,” CFO Yoshimitsu Goto said on SoftBank’s earnings call from Minato, Tokyo yesterday, noting that—for the first time in six quarters—SoftBank’s Vision Funds had reported a net investment gain, rather than a loss. But SoftBank executives are favoring words like “slow” and “careful” as they come back into market. And they made something very clear on the call: Their investors are only looking at A.I. deals right now.
