Trump and SoftBank's Masayoshi Son announce $100 billion AI investment to create 100,000 jobs in the US
SoftBank CEO Masayoshi Son and President-elect Donald Trump announced a $100 billion investment in U.S. technology projects, aimed at creating 100,000 jobs in artificial intelligence and related infrastructure over the next four years. This investment is a significant increase from SoftBank's previous commitment in 2016, which was $50 billion and promised 50,000 jobs. Trump emphasized the importance of this new investment for the U.S. economy. Details on how SoftBank will fund the investment remain unclear, but it may involve its Vision Fund or other subsidiaries. The announcement follows Trump's recent comments about incentives for large investors in the U.S.