President-elect Donald Trump and SoftBank Group founder and CEO Masayoshi Son speak to the media in the lobby of Trump Tower in New York on December 6, 2016.
Eduardo Muñoz Alvarez | AFP | Getty Images
Softbank Chief Executive Officer Masayoshi Son will announce Monday during a visit to President-elect Donald Trump’s Mar-a-Lago estate in Palm Beach, Florida, according to people familiar with the matter. $100 billion will be invested in the United States over the next four years. Sarah Eisen.
The billionaire investor and founder of the Japanese technology investment firm will also pledge in a joint statement with Trump to create 100,000 jobs focused on artificial intelligence and related infrastructure, sources said. The funds will be used before the end of Trump’s term.
Funding could come from various sources controlled by SoftBank, including the Vision Fund, capital projects or chip manufacturers Arm Holdingsthe company is the majority shareholder. Some of this funding is not necessarily new, but may include some that have already been announced, such as SoftBank’s recent $1.5 billion investment in OpenAI, the technology company behind the chatbot ChatGPT.
After Trump was first elected president in 2016, SoftBank’s son and Trump issued similar statements. The Japanese company Agree to invest $50 billion in the United States The goal is to create 50,000 jobs.
