SoftBank CEO Son, Trump Announce $100B US Investment Plan | Global News Avenue

Softbank CEO Son announces plans to invest $100 billion in U.S. companies during President-elect Donald Trump’s upcoming term Mar-a-Lago on Monday.

Son expects this investment to create approximately 100,000 jobs over the next four years, focusing on Artificial Intelligence (AI). Event coming soon CNBC and wall street journal Reports suggest an announcement is imminent.

CNBC According to reports, the money could come from a variety of sources, including Japanese conglomerate itself, the Vision Fund or chipmaker Arm Holdings (arm), of which SoftBank is the majority shareholder.

The specific details of the investment will be determined during Trump’s term, but Son’s previous commitment to invest $50 billion and create 50,000 jobs during Trump’s previous term can serve as a template.

Analysis for December 2019 Forbes It was found that SoftBank had invested approximately US$47 billion in many startups such as Slack at that time, and was subsequently acquired by Salesforce (customer relationship management)—and DoorDash (sprint). However, some investments have been less successful, such as the $18.5 billion financing we work.