Softbank to pledge $100 billion investment in US

In a significant move for the U.S. economy, Softbank (OTC:SFTBY ) CEO Masayoshi Son has committed to investing $100 billion in the country over the next four years. This announcement is expected to be made during Son's Monday visit with President-elect Donald Trump at his Mar-a-Lago residence in Palm Beach, Florida. Alongside the investment, Son also intends to create 100,000 jobs that will concentrate on the sectors of artificial intelligence and related infrastructure.

The investment, poised to be made before the end of Trump’s presidential term, signals a strong collaboration between the Japanese tech-investing powerhouse and the incoming U.S. administration. The funds for this ambitious undertaking may be sourced from a variety of Softbank-controlled entities, including the Vision Fund, capital projects, or chipmaker Arm Holdings (NASDAQ:ARM ).

This strategic investment aims to bolster the U.S. economy by focusing on the burgeoning field of artificial intelligence, which is increasingly seen as a critical area for technological advancement and economic growth. The promise of job creation aligns with Trump's emphasis on employment opportunities for Americans, making this joint announcement a noteworthy event in the transition period leading up to Trump's presidency.

The move by Softbank underlines the company's commitment to expanding its influence and operations within the United States, as well as its confidence in the U.S. market's potential for tech-related growth. The specifics of the investment and job creation strategies are anticipated to be further detailed in the announcement at Mar-a-Lago.

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Source: Investing.com