Trump, SoftBank CEO Masayoshi Son reveal $100B investment in AI to create 100K US jobs

SoftBank will invest at least $100 billion into US tech projects over the next four years, CEO Masayoshi Son and President-elect Donald Trump jointly revealed during a press conference at the Mar-a-Lago resort in Florida on Monday.

Trump, who gained major support from the tech industry ahead of the 2024 election, said the massive commitment from SoftBank would create 100,000 jobs for the US economy. The investments are expected to be focused on artificial intelligence projects and the related infrastructure required to power them.

“This historic investment is a monumental demonstration confidence in America’s future, and it will help ensure that artificial intelligence, emerging technologies, and other industries of tomorrow are being created and grown right here in the USA,” Trump said.