Trump, SoftBank CEO announce $100 billion U.S. investment

Published On Dec 16, 2024, 11:31 AM

President-elect Donald Trump, alongside SoftBank CEO Masayoshi Son, announced a significant investment plan where SoftBank will invest $100 billion in the U.S. over the next four years. This initiative is aimed at creating 100,000 jobs in sectors like artificial intelligence (AI) and infrastructure related to it. The announcement seeks to demonstrate confidence in the U.S. economy, although some skepticism exists regarding the actual job creation after similar past promises. Funding for the initiative is still unclear, with SoftBank holding around $29 billion in cash equivalents as of September. This investment aligns with Trump's agenda to stimulate the economy and address inflation concerns in the U.S.