Navneet Govil exits SoftBank Vision Fund amid artificial intelligence focus
Business
Navneet Govil, the chief financial officer of SoftBank's Vision Fund, is leaving after a decade.
His exit comes as SoftBank is shaking things up internally and putting more focus on artificial intelligence investments.
The news was confirmed by Alex Clavel, CEO of SoftBank Investment Advisors, in a memo to staff.
Vision Fund backed WeWork and OpenAI
Vision Fund's biggest moves: think major investments in companies like WeWork and OpenAI (the team behind ChatGPT).
The fund has seen both big wins and tough losses over the years.
Clavel says details about who will take over Govil's responsibilities are coming soon, as the fund continues to shift toward early-stage tech bets.