Soft Bank with some new numbers overnight which reveal yet another difficult

quarter and year for its tech investments. For more on that let's get to DeBosa

and today's Tech Jack. Hey, Dee.

Carl Masa's son and Soft Bank continue to bleed billions.

$39 billion in annual investment losses at the Vision Funds,

even as public holdings like Karinee Commerce Company, Kupang, and China's

D-Dede rebounded over the last quarter, losses at private startups, they were

bigger than expected, and that has left Stop Bank, once one of the most prolific venture capital investors on the

defensive halting new investments selling down at stake in Alibaba and looking to

the arm IPO for liquidity and this is coming just as the venture world is leaning into the biggest

platform shift in decades.

Generative AI, of course.

Maasasan, he no longer joins the earnings calls as he puts his focus into getting armed public and thinking about AI but

soft bank CFO Yoshi-Mitsu Goto echoed Masa's early enthusiasm for artificial intelligence

and told investors overnight in Tokyo

solid defense is now in place and we are getting ready to go on the offensive with the

AI revolution on the horizon. Key question though has the horizon already come and gone?

Is Soft Bank too late? Some of the VCs that I speak to regularly say that there is

already a bubble forming in AI and Soft Bank has largely sat out the last quarter. In fact, it didn't even

crack the top 20 of the most active and spendiest lead investors.

That's according to Crunchbase. Back in 2021 you guys might remember that was Peak Unicorn era

it and Tiger Global they were constantly at the top of those lists but they have

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