The cash injection follows a $50 billion investment in 2016 SoftBank Group, led by CEO Masayoshi Son, has announced plans to invest $100 billion in the US over the next four years, a move that will focus on advancing AI and its related infrastructure. This investment aims to create 100,000 new jobs. Son made the announcement alongside President-elect Donald Trump, who praised the deal as a strong sign of confidence in the future of the US economy. Trump said that the investment shows “monumental confidence in America’s future.” Trump welcomed the new investment as part of his broader strategy to boost the US economy and tackle inflation in his second term. “It will help ensure that artificial intelligence, emerging technologies and other industries tomorrow are built, created and grown right here in the USA,” he continued. The new pledge echoes a similar commitment made in December 2016, when Son promised a $50 billion investment and 50,000 jobs. While that money was deployed, the impact on job creation was unclear. Although the $100 billion is set to be deployed over the next four years, the funding sources remain uncertain. SoftBank reported $27 billion in cash reserves as of September 30, and the company’s Vision Fund 2 still has $3 billion left to invest. It’s also possible that SoftBank could use funds from its recent acquisition of chipmaker Arm Holdings to help support this ambitious pledge. This year, SoftBank also invested $960 million in Japanese AIto upgrade its computing infrastructure to deliver a Generative AI platform in the Japanese language. Over the next two years, SoftBank will purchase GPUs (graphics processing units) from US based chip company Nvidia, using them to train and power its own large language models (LLMs), and then loan access to them to other firms.
Softbank to invest $100bn in US AI | Total Telecom
