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SoftBank’s OpenAI Bet Yields $45 Billion Gain Amid Strategic Portfolio Challenges

Strong Gains Driven By OpenAI Investment

SoftBank Group reported a yearly profit of $46 billion at its Vision Fund, largely driven by a sharp increase in the value of its investment in OpenAI. The Japanese conglomerate has invested more than $30 billion in OpenAI, with the company’s rapid valuation growth significantly boosting SoftBank’s portfolio during the fiscal year ended in March.

Quarterly Performance And Sectoral Impacts

During the quarter ending in March, SoftBank’s Vision Fund recorded a gain of approximately $20 billion, primarily linked to the performance of OpenAI. At the same time, losses from investments in companies including Coupang, DiDi Global and Klarna weighed on broader portfolio performance. The results highlighted both the upside potential and volatility associated with large-scale technology investment strategies.

Positioning At The Forefront Of The Artificial Intelligence Boom

SoftBank continues expanding its presence across the artificial intelligence sector through investments tied to AI infrastructure, semiconductor companies and generative AI platforms. The company’s strategy places it in increasingly direct competition with major technology groups, including Google and AI firms such as Anthropic.

Strategic Investment Commitments And Market Valuations

In February, SoftBank announced plans to invest more than $60 billion in OpenAI, a move expected to secure roughly 13% ownership in the company. A subsequent funding round in March, co-led by SoftBank, valued OpenAI at approximately $852 billion. The investment further strengthened SoftBank’s exposure to the rapidly expanding AI market.

Portfolio Liquidity Concerns And Financial Adjustments

Despite the gains tied to OpenAI, analysts and ratings agencies have raised concerns regarding SoftBank’s growing portfolio concentration and debt exposure. S&P Global Ratings recently revised its outlook on SoftBank from “stable” to “negative,” citing risks linked to rising investment commitments and pressure on asset liquidity. Market observers have also suggested that the company could reduce financial pressure through sales of stakes in companies, including T-Mobile and Nvidia.

Balancing Gains And Broader Financial Performance

Strong gains from the Vision Fund helped lift SoftBank’s overall net profit to 5 trillion yen during the fiscal year. However, investment operations outside the Vision Fund recorded significant losses after expenses and currency fluctuations were taken into account. The latest results highlighted the growing importance of AI-related investments within SoftBank’s broader strategy while also underscoring the financial risks associated with concentrated exposure to rapidly evolving technology markets.

Women Make Up A Majority Of The EU’s Science And Technology Workforce But The Real Gap Is Elsewhere

Women now make up the majority of the EU’s science and technology workforce. According to Eurostat, in 2025, more than 81.6 million people aged 15 to 74 were employed in science and technology occupations across the EU. Of those, 52.5% were women, equal to 42.8 million women. The number of women in these occupations rose by 27.9% compared with 2015, an increase of more than 9.3 million over a decade.

On the surface, the numbers resemble progress. However, Eurostat’s category requires context before that figure can be read accurately. The data refers to HRST, or Human Resources in Science and Technology, specifically people employed in science and technology occupations. These are roles where the main tasks require professional or technical knowledge in physical and life sciences, but also in social sciences and humanities. That definition is wider and broader than engineering, ICT, laboratory science, or high-tech research alone.

Zooming In

The gender picture changes once the data moves from a wider definition of the workforce to the narrower scientist-and-engineer (research and manufacturing) subgroup.

Scientists and engineers represented almost a quarter of all people employed in science and technology in the EU in 2025. Eurostat describes scientists and engineers as often being the innovators at the centre of technology-led development, making them an important subgroup to focus on separately.

Women accounted for only 40.8% of scientists and engineers in 2025, despite making up more than half of the wider category. That share has increased by a mere 0.5 percentage points over the past decade. The absolute number of women working as scientists and engineers rose from 5.3 million in 2015 to 8.2 million in 2025, despite the push from national and international organisations to increase the number of women in the field. Europe has expanded the number of women in science and technology occupations over ten years. However, that expansion has not extended equally into the scientist-and-engineer subgroup, where much of Europe’s research and innovation work is conducted.

In 2025, of the 39.4 million women aged 25 to 64 working in science and technology occupations in the EU, 35.5 million worked in service activities. Only 2.7 million worked in manufacturing. Women accounted for 57.5% of science and technology employment in services, but only 31.3% in manufacturing.

In 2025, the highest shares of women employed in science and technology occupations were recorded in Latvia at 62.4%, followed by Hungary’s Great Plain and North region at 61.1%, Estonia at 60.5%, Poland’s Central macroregion at 60.4%, and Lithuania at 60.3%. No EU country recorded a majority of women among science and technology workers in manufacturing.

Break-down

Eurostat’s figures measure employment in broad science and technology occupations. They do not show job security, pay levels, management roles, promotion rates, research leadership, or whether women are concentrated in junior or senior workplace positions.

The classification of “senior” also requires additional explanation. Eurostat reports that 45.9% of science and technology workers aged 25 to 64 in the EU were classified as “senior” HRST in 2025. In this dataset, “senior” refers to workers aged 45 to 64. It does not mean senior manager, senior researcher, team lead, or decision-maker.

A high female share in the wider Human Resource Science and Technology (HRST) category does not parallel equal representation across scientists, engineers, manufacturing roles, senior posts, pay, research funding, or decision-making. These figures also reflect the occupational mix inside each country or region, not only structural progress across all areas of science and technology.

The Case Of Cyprus

Eurostat data places Cyprus’s overall science and technology employment at 37.2% of the labour force in 2025, slightly above the EU-27 figure of 36.9%, and above Greece at 26.8%, Malta at 33.9%, and Turkey at 18.2%. This figure covers the total share of the labour force employed in science and technology across all genders.

Progress Or Work-in-Progress?

52.5% in the broad category. 40.8% among scientists and engineers. 31.3% in manufacturing. Europe’s gender gap in science and technology hasn’t closed yet, and there is still work to be done to encourage and support more women to enter the field, especially in research and manufacturing.

Let’s not wait another decade for another couple of percentage points of hope.

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