SoftBank CEO to announce $100 billion U.S. investment and 100,000 jobs in AI
SoftBank CEO Masayoshi Son will announce a $100-billion investment in the U.S. during a meeting with President-elect Donald Trump. This investment aims to create 100,000 jobs in artificial intelligence and related infrastructure over the next four years. This new commitment is a significant increase from Son's previous pledge in December 2016, when he promised $50 billion and 50,000 jobs. While the earlier investment was made, the job creation aspect remains unclear. SoftBank's funding sources for this new investment are not specified, but the company has about $29 billion in cash. Son has been focusing on expanding SoftBank's involvement in AI, including investments in OpenAI and Graphcore.