SoftBank CEO plans $100 billion investment in U.S. jobs and technology

latimes.com

SoftBank CEO Masayoshi Son plans to invest $100 billion in the U.S. over the next four years. This announcement will occur during a meeting with President-elect Donald Trump, focusing on creating 100,000 jobs in artificial intelligence and related areas. Previously, SoftBank had pledged $50 billion during Trump's last presidency but faced challenges with its investments. The company is now looking to raise capital for this new commitment, as its finances have improved following the IPO of Arm Holdings. Despite the positive outlook, SoftBank currently has about $25 billion in cash, which may not be sufficient to fulfill Son's investment promise.


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