Trump and SoftBank CEO Masayoshi Son Announce $100 Billion U.S. Investment Over Four Years, Creating 100,000 AI Jobs

Dec 16, 2024, 08:30 PM

President-elect Donald Trump and SoftBank Group CEO Masayoshi Son announced that the Japanese tech conglomerate plans to invest $100 billion (approximately 15 trillion yen) in the United States over the next four years, focusing on artificial intelligence and related infrastructure. The investment is expected to create 100,000 jobs in AI and emerging technologies. The announcement was made on Monday, December 16, 2024, at Trump's Florida home, Mar-a-Lago. During the announcement, Trump asked Son to double the investment to $200 billion, prompting a nervous laugh. This commitment echoes a similar initiative made in 2016 after Trump's election, where SoftBank pledged $50 billion, eventually investing $47 billion in companies like Slack and DoorDash.