SoftBank Group CEO Masayoshi Son will announce a $100 billion investment in the United States over the next four years during a visit Monday to US President-elect Donald Trump’s Mar-a-Lago residence , Cnbc reported.
Masayoshi Son will also promise in a joint announcement with Trump the creation of 100,000 jobs focused on artificial intelligence (AI)and related infrastructure, with the money to be deployed before the end of Trump’s term, CNBC said, citing sources.
Funding could come from various sources controlled by SoftBank, including the Vision Fund, equity projects or chipmaker Arm Holdings.said Cnbc. So far, no representative of SoftBank Group has commented. Representatives of Trump’s transition team could not immediately be reached for comment on the report. Son has been a strong advocate for the potential of AI and has been pushing to expand SoftBank’s exposure to the sector, taking a stake in OpenAI and acquiring chip startup Graphcore.
In October, he reiterated his belief in the arrival of artificial superintelligence, stating that it would require hundreds of billions of dollars of investment to become a reality. Son said then that he was saving funds “so I can take the next big step,” but did not elaborate.
