According to a report by CNBC, SoftBank Group CEO Masayoshi Son is set to visit the residence of President-elect Trump at Mar-a-Lago on Monday, and announce plans to invest $100 billion in the United States over the next four years.
Son is expected to promise in a joint statement with Trump the creation of 100,000 job opportunities related to artificial intelligence (AI) and relevant infrastructure, with the funds to be allocated before the end of Trump’s term. This investment may come from various sources under SoftBank’s control, including the Vision Fund, capital projects, or chip manufacturer Arm Holdings.
Son has long been a staunch supporter of the potential of artificial intelligence and has been driving an expansion of SoftBank’s investments in this field, holding stakes in OpenAI and acquiring chip startup Graphcore.
In 2016, following Trump’s first election as president, Son made a similar announcement. SoftBank agreed to invest $50 billion in the United States with a goal of creating 50,000 job opportunities.
(This article is based on CNBC’s report)