Softbank Vision Fund has not generated even 1% return in last 10 years. If OpenAl gains are not considered.

In the last 10 years Softbank Vision Fund investment has looked like this: Total money invested: ~US$191.6 billion Total cumulative gross gain: ~US$45 billion OpenAI paper gain: ~US$45 billion So, on the latest reported figures, OpenAl accounts for almost all of the cumulative net gain. Without it, the combined portfolio would be around break-even or slightly negative, depending on the exact reporting date, valuation marks, and accounting adjustments.

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