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President-elect Donald Trump and SoftBank Group Corp. founder and CEO Masayoshi Son speak to the media in the lobby of Trump Tower on December 6, 2016 in New York.
Eduardo Muñoz Álvarez | AFP | fake images
soft bench Chief Executive Masayoshi Son will announce a $100 billion investment in the United States over the next four years during a visit Monday to President-elect Donald Trump’s Mar-a-Lago residence in Palm Beach, Florida, sources said familiar with the matter to CNBC’s Sara Eisen.
The billionaire investor and founder of the Japanese technology investment firm will also promise in the joint announcement with Trump to create 100,000 jobs focused on artificial intelligence and related infrastructure, the sources said. The money will be used before Trump’s term ends.
Funding could come from various sources controlled by Softbank, including the Vision Fund, capital projects or the chipmaker. Armswhere the company is the majority owner. Some of the money won’t necessarily be newly raised, but could include some funds already announced, such as Softbank’s recent $1.5 billion investment in OpenAI, the technology company behind the chatbot ChatGPT.
Son and Trump made a similar announcement in 2016, after Trump was first elected president, and the Japanese company agreed to invest $50 billion in the United States with the goal of creating 50,000 jobs.
