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Trump and SoftBank CEO Announce $100bn US Investment Focused on AI

  • President-elect Donald Trump and SoftBank CEO Masayoshi Son have announced a $100 billion investment in the United States over the next four years, pledging to create 100,000 jobs in AI and related infrastructure.
  • The investment will focus on artificial intelligence and infrastructure such as data centres, energy production, and chips. SoftBank currently has $29 billion in cash, raising questions about where the $100 billion would come from.
  • SoftBank's investments in AI-related sectors, including chip startups like Graphcore and its ties to OpenAI, indicate where some of the funds may be directed.
  • This announcement mirrors SoftBank CEO Masayoshi Son's earlier 2016 pledge of $50 billion and 50,000 jobs during Trump’s first term.

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