[5] Through Softbank Vision Fund, Masayoshi Son explained his intent to invest in all companies developing technologies in line with the global artificial intelligence trends, including various sectors such as finance or transportation.
[9] In January 2020, multiple Softbank-funded startups started cutting their staff, such as at Getaround, Oyo, Rappi, Katerra and Zume.
[20] In 2022, SoftBank Vision Fund posted a record 3.5 trillion yen loss ($27.4 billion) for its financial year ended on 31 March 2022 as the valuation of its stock portfolio plummeted.
[21] The fund's losing investments were massive and both Son, who had claimed he had a special ability to see the future of disruptive entrepreneurship, and SoftBank, received much criticism from shareholders, peers and the business and finance media in general due to the magnitude of the failure.
[26][27] In July 2022, CEO Rajeev Misra announced he would be stepping back from some of his main roles including the management of SoftBank Vision Fund 2.
[30] Eric J. Savitz, associate editor for technology at Barron's, characterized the SoftBank Vision Fund as a failed experiment.
[42] In May 2023, the SoftBank Group disclosed that its Vision Fund lost a record $32 billion in the fiscal year ending in March 2023.[43].
In November 2024, Misra formally stepped down from his rule in managing the Vision Fund and will be succeeded by Alex Clavel.