Softbank CEO Masayoshi Son will announce a $100 billion funding within the U.S. over the following 4 years throughout a Monday go to to President-elect Donald Trump’s residence Mar-a-Lago in Palm Seaside, Florida, sources acquainted with the matter instructed CNBC’s Sara Eisen.
The billionaire investor and founding father of the Japanese tech-investing agency can even promise within the joint announcement with Trump to create 100,000 jobs centered on synthetic intelligence and associated infrastructure, the sources mentioned. The cash might be deployed earlier than the top of Trump’s time period.
The funding might come from varied sources managed by Softbank, together with the Imaginative and prescient Fund, capital initiatives or chipmaker Arm Holdings, the place the agency is majority proprietor. Among the cash won’t essentially be newly raised, however might embody some funding already introduced corresponding to Softbank’s current $1.5 billion funding in OpenAI, the tech agency behind chatbot ChatGPT.
Softbank’s Son and Trump made an identical announcement in 2016 after Trump was elected president for the primary time, with the Japanese agency agreeing to take a position $50 billion within the U.S. with the goal to create 50,000 jobs.
