Official announcements from SoftBank or credible tech industry reports

SoftBank and Trump Announce $100 Billion US Investment to Create 100,000 AI Jobs

Dec 16, 2024, 02:20 PM

SoftBank CEO Masayoshi Son is set to announce a $100 billion investment in the United States over the next four years during a visit with President-elect Donald Trump at Mar-a-Lago in Palm Beach, Florida, today. The investment, which doubles SoftBank's previous $50 billion commitment in 2016, will focus on building out artificial intelligence (AI) and related infrastructure and is expected to create 100,000 jobs in the US. The company aims to complete the initiative before Trump leaves office in 2029. This significant investment underscores SoftBank's confidence in the American tech sector and is poised to bolster AI and emerging technologies across the country.