Official announcements by SoftBank, U.S. Department of Labor statistics, or major financial news outlets

SoftBank Commits $100 Billion to U.S., 100,000 Jobs in AI After Meeting with Trump

Dec 16, 2024, 04:41 PM

SoftBank Group Corp. Chief Executive Officer Masayoshi Son met with President-elect Donald Trump at his Mar-a-Lago estate in Florida on Monday, announcing a plan to invest $100 billion in U.S. projects over the next four years. The Japanese technology conglomerate's investment is aimed at creating over 100,000 jobs, focusing on artificial intelligence, chips technology, and related infrastructure. Son expressed increased confidence in the U.S. economy following Trump's election victory, stating that his confidence level has 'tremendously increased' with the new administration. The initiative will prioritize AI infrastructure, energy, data centers, and emerging technologies.