Softbank plans $100 billion investment in US over four years, says CEO Son
Softbank CEO Masayoshi Son announced a plan to invest $100 billion in the United States over the next four years after meeting with President-elect Donald Trump. The investment aims to create about 100,000 jobs in artificial intelligence and related technologies. Despite the ambitious pledge, concerns exist about Softbank's ability to fulfill it, as the company currently has only $30 billion in cash. Son's previous investment commitments during Trump's first term faced challenges, raising questions about funding for this new initiative. Son expressed optimism about the U.S. economy following Trump's election victory. However, past examples show that large investment pledges can be difficult to realize, as seen with Foxconn's significantly reduced investment in 2018.