SoftBank gained $2.4 billion in its Vision Fund in December, thanks to increased value in its OpenAI investment amid other losses. The company has invested roughly $40 billion in OpenAI to position itself in AI development. SoftBank’s shares surged after positive results in its telecom unit and Arm’s stock rally.

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1. The U.S. economy added 943,000 jobs in July, exceeding expectations of 870,000 jobs. The unemployment rate also dropped to 5.4%, down from 5.9% in June.

2. Apple announced a 7-for-1 stock split, which will make its shares more affordable for investors. The split will take effect on August 30.

3. Amazon reported a record-breaking quarterly profit of $7.8 billion, driven by strong e-commerce sales and cloud computing growth.

4. The Federal Reserve indicated that it is considering tapering its bond-buying program later this year, citing strong economic recovery and rising inflation.: SoftBank Vision Fund books $2.4 billion gain boosted by OpenAI bet