Masayoshi Son, the Japanese billionaire CEO of SoftBank, pledged to invest $100 billion in the United States over the next four years, doubling his previous commitment and aiming to significantly impact job creation.
Despite significant investments, SoftBank has faced high-profile failures, including the bankruptcies of Zume, Katerra, and Zymergen, which has raised questions about their investment strategy.
SoftBank's massive investments in various startups led to a mixed track record, with substantial financial losses evident in companies like Wag and View Inc., challenging the firm's reputation.
With the backing of major funds, including billions from Saudi Arabia, SoftBank has become a prominent player in the tech investment landscape, but recent losses have sparked concerns.
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