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SoftBank CEO Masayoshi Son is set to announce a $100 billion investment in the U.S. over the next four years during a visit to President-elect Donald Trump's Mar-a-Lago residence in Palm Beach, Florida, on Monday.
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The announcement, made jointly with Trump, will include a commitment to create 100,000 jobs, primarily focused on artificial intelligence and related infrastructure, according to sources.
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The investment could come from various SoftBank-controlled entities, including the Vision Fund, capital projects, or Arm Holdings, the chipmaker in which SoftBank holds a majority stake.
SoftBank CEO to Announce $100 Billion U.S. Investment During Visit to Trump’s Mar-a-Lago
SoftBank CEO Masayoshi Son is set to announce a $100 billion investment in the U.S. over the next four years during a Monday visit to President-elect Donald Trump’s Mar-a-Lago estate in Palm Beach, Florida, sources familiar with the matter told CNBC’s Sara Eisen.
In a joint announcement with Trump, Son will also pledge to create 100,000 jobs focused on artificial intelligence and related infrastructure, with the funding expected to be deployed before the end of Trump’s term.
The investment could come from various SoftBank-controlled entities, including the Vision Fund, capital projects, or Arm Holdings, the chipmaker where SoftBank is the majority owner. Some of the funding may not be newly raised but could include previously announced investments, such as SoftBank’s recent $1.5 billion contribution to OpenAI, the creator of the ChatGPT chatbot.
This announcement follows a similar pledge made in 2016, when SoftBank agreed to invest $50 billion in the U.S. and create 50,000 jobs after Trump’s first election win.
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