SoftBank CEO to Announce $100 Billion U.S. Investment in AI at Mar-a-Lago

Dec 16, 2024, 11:58 AM

SoftBank Group Corp.'s CEO Masayoshi Son is set to announce a $100 billion investment in the United States during a visit to President-elect Donald Trump's residence, Mar-a-Lago, in Palm Beach, Florida. The investment, to be spread over the next four years, aims to bolster artificial intelligence (AI) development and related infrastructure, with a commitment to create 100,000 jobs in the U.S. The funding for this initiative could come from various sources within SoftBank, including its Vision Fund, capital projects, or its majority-owned chipmaker, Arm Holdings. This move echoes a similar announcement made by Son and Trump in 2016, where SoftBank pledged to invest $50 billion in the U.S. and create 50,000 jobs.