‘Hard negotiator’ says Son as Trump pushes Soft Bank for USD 200 Bn investment in US – The Economic Times Video

Masayoshi Son, head of Japanese tech conglomerate SoftBank, plans to invest $100 billion in the US over the next four years. The announcement was made during Son’s visit to President-elect Donald Trump’s Mar-a-Lago residence in Palm Beach, Florida, on Monday. The initiative aims to create 100,000 jobs and focus on advancing artificial intelligence (AI) and related infrastructure projects. The funding will likely come from various SoftBank-controlled entities, including the Vision Fund, capital projects, and chipmaker Arm Holdings, in which SoftBank holds a majority stake. Some of the funds may not be newly raised but could include previous investments, such as SoftBank’s recent $1.5 billion funding into OpenAI, the company behind the ChatGPT chatbot.

ET Online | 17 Dec 2024, 08:01 AM IST