Reports from SoftBank and U.S. Department of Labor statistics

SoftBank's Masayoshi Son Announces $100 Billion U.S. AI Investment with Trump, Creating 100,000 Jobs

Dec 16, 2024, 03:45 PM

SoftBank CEO Masayoshi Son will 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. The investment will focus on building out artificial intelligence and related infrastructure, aiming to create 100,000 AI-focused jobs in the U.S. Son expressed that his confidence in the U.S. economy has "tremendously increased" following Trump's election victory, leading him to commit this significant investment. This initiative is double the amount pledged in a similar commitment made in 2016, where SoftBank invested $50 billion and created 50,000 jobs. The collaboration underscores a significant boost to technological innovation and employment in the artificial intelligence sector in the United States.