As shares of NVIDIA have been video turned lower today, Soft Bank CEO,

Marsha Yossi San talking about selling NVIDIA too soon at their annual meeting

in Tokyo overnight and doubled down on the narrative that he's going on the quote AI

offensive.

Dear Durbosa is looking at that for today's tech check with some new details on what that

means D.

Hey good morning Carl so according to a source familiar this is not going to be like

the Vision Fund all over again VCs like to call Soft Banks last offensive

era one of quote spray and prey back then from about 2016 to 2019 the Japanese

conglomer they raised a ton of money more than any VC fund raised

before them and then they deployed it into more

than 450 companies hoping for one big winner to pay for the rest.

I'm told that this time around Masa San is going to be a lot more focused and that Arm will be the centerpiece of its

strategy so instead of spreading his bets across many different startups and

industries he's looking at a smaller universe of companies with a more explicit fit with Arm now Soft Banks

crown jewel and really its largest stake. My source says that Strategic M&A will play a

large part and that Soft Bank will be more operator this

time around less traditional VC investor which might help explain some of

Massasan's other comments overnight to or we'll call the Musings at the AGM.

He talked about Invidia as the fish that got away.

Back in 2019, he sold in nearly 5% stake in Invidia, booking a $3.3 billion return, which was great.

But had he held on to that stake,

...