During his visit with Trump, Softbank CEO Masayoshi Son will reveal a $100 billion investment in the U.S.
On Monday, CEO Masayoshi Son will reveal a $100 billion investment plan for the US over the next four years during a visit to President-elect Donald Trump's residence, Mar-a-Lago in Palm Beach, Florida, according to sources.
The Japanese tech-investing firm's billionaire founder will pledge to create 100,000 jobs in artificial intelligence and related infrastructure, along with Trump, in a joint announcement. The funds will be allocated before the end of Trump's term.
The funding for the project could come from various sources controlled by Softbank, including the Vision Fund, capital projects, or the chipmaker, where the firm is majority owner. Some of the money may not be newly raised but could include some funding already announced, such as Softbank's recent $1.5 billion investment in OpenAI, the tech firm behind chatbot ChatGPT.
In 2016, Softbank's Son and Trump made a similar announcement, with Softbank agreeing to invest $50 billion in the U.S. with the aim of creating 50,000 jobs.
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