According to CNBC, SoftBank Group CEO Masayoshi Son will visit US President-elect Donald Trump’s home in Mar-a-Lago on Monday to announce a $100 billion investment in the US over the next four years.
According to sources cited by CNBC, Son would also pledge in a joint announcement with Trump to generate 100,000 employment in the fields of artificial intelligence (AI) and associated infrastructure, with the funds to be spent before the conclusion of Trump’s tenure.
According to CNBC, the money may originate from a number of SoftBank-controlled sources, such as the Vision Fund, capital projects, or chipmaker Arm Holdings.
When contacted outside of usual business hours in Tokyo, a representative of the SoftBank Group was unavailable for comment. It was not immediately possible to contact Trump’s transition team representatives for comment on the report.
Son has been a fervent advocate for artificial intelligence’s potential and has worked to increase SoftBank’s involvement in the field by purchasing chip startup Graphcore and investing in OpenAI.
He restated his conviction in the emergence of artificial superintelligence in October, stating that it would take hundreds of billions of dollars to bring it to fruition. Son did not elaborate when he stated that he was saving money “so I can make the next big move.
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