Japan’s SoftBank Pledges $100 Billion—And 100,000 Jobs— To US For Trump’s Second Term

SoftBank Group announced a multibillion-dollar investment into U.S. projects during President-elect Donald Trump’s second time in office, likely in AI jobs—doubling a similar promise SoftBank’s CEO made in Trump’s first term that created mixed results.

SoftBank’s billionaire CEO Masayoshi Son and Trump jointly announced the initiative Monday at Trump’s Mar-a-Lago resort, matching earlier media reports.

Tokyo-based SoftBank will dedicate $100 billion to U.S. ventures over the next four years—double a similar commitment announced in December 2016 heading into Trump’s first presidential term.