Trump and SoftBank announce $100 billion investment plan for U.S. jobs and AI projects
President-elect Donald Trump and SoftBank CEO Masayoshi Son announced a new $100 billion investment plan aimed at boosting artificial intelligence and infrastructure in the U.S. The initiative seeks to create 100,000 jobs over four years. This announcement follows a similar commitment made in 2016, when SoftBank pledged $50 billion to create 50,000 jobs. The success of that earlier effort is unclear, with mixed reports on its impact. SoftBank's financial position has changed since then, as it is now a smaller company with only $25 billion in cash. This raises questions about how the company will fulfill the new investment pledge.