Japan's SoftBank and Trump Team Up for $100 Billion U. S. Investment

Japanese technology giant SoftBank and President-elect Donald Trump have unveiled a massive $100 billion investment plan aiming to boost growth in artificial intelligence (AI) and infrastructure projects in the United States. The initiative, first reported by CNBC, aims to generate 100, 000 jobs over four years. This isn't SoftBank's first foray into U. S. investments. Back in 2016, following Trump's initial election, SoftBank's CEO Masayoshi Son pledged $50 billion in investments to create 50, 000 jobs. However, the success of this previous venture is murky. Many of SoftBank's startups in the U. S. and elsewhere haven’t turned a profit. Details on the long-term impact are hard to pin down, though some reports suggest initial targets were met. Fast forward to now, SoftBank is significantly smaller than it was when Trump first took office. With just $25 billion in cash, questions arise about how Son and his firm will fulfill the $100 billion promise. When reached for comment, a SoftBank representative did not immediately respond. This announcement follows a trend where tech giants are pledging investments after Trump's electoral win. Earlier this month, Amazon and Meta (formerly Facebook) each contributed $1 million to Trump's inaugural fund. AI startup Perplexity and OpenAI CEO Sam Altman also made similar commitments.