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SoftBank posts loss, with a cumulative loss of $6.3B in its Vision Fund business
- snvzz 3y agohttps://archive.is/4IAZc https://archive.is/4IAZc
- snvzz 3y agoGot to IPO ARM before the riffraff realizes RISC-V is inevitable.
- RcouF1uZ4gsC 3y ago> For your piece, the Vision Funds actually posted a GAIN for the quarter of $0.8 billion, including shared assets such as its ARM holdings. Is this ChatGPT? The “For your piece” seems so weird in a human written work.
- AndrewKemendo 3y agoYeah I noticed that too. Given how often corporate writes these articles for editors I wouldn’t be surprised if someone copy pasted and then forgot that edit. Feels like a submarine accidentally surfaced
- benzin 3y agoSeen and confirmed (before the author removes it - if they care to)
- shubik22 3y agoYep, very odd, my guess would be this was sent to the reporter by their comms contact at Softbank and they literally copy/pasted it. For context, here’s the full paragraph. The positive framing (“a GAIN”, and “significantly less…”) makes me think this came from someone spinning on Softbank’s behalf. > For your piece, the Vision Funds actually posted a GAIN for the quarter of $0.8 billion, including shared assets such as its ARM holdings. Stripping out shared assets, SoftBank’s Vision Fund 1 and 2 and its Latin American fund together posted a quarterly investment loss of 13 billion yen ($91 million) — significantly less than the 2,919 billion yen loss a year ago ($20 billion).
- fnordpiglet 3y agoYeah I noticed that. Unlike others that think it was material handed to the author by corporate relations, I agree with your assessment. It’s an AI artifact.