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.