SoftBank Group Corp. Chief Executive Officer Masayoshi Son promised to pour $100 billion into US investments during a meeting with former President-elect Donald Trump, doubling down on his previous commitment from 2016.
The Japanese billionaire met Trump at his Mar-a-Lago resort in Palm Beach, Florida, where he outlined plans that would reportedly create 100,000 jobs. The investment strategy will heavily focus on artificial intelligence initiatives, drawing from various SoftBank-managed sources including the Vision Funds and Arm Holdings, where the company maintains about 90% ownership.
The proposed investment includes previously announced projects, such as a $1.5 billion stake in OpenAI. Son’s latest pledge mirrors his approach from 2016 when he met with then President-elect Trump and committed $50 billion to US investments, which led to the launch of SoftBank’s first Vision Fund.
The SoftBank chief noted his heightened optimism about the US economy following Trump’s election victory. The announcement marks a significant expansion of SoftBank’s US presence, though the specific timeline and allocation of these investments remain unclear.
This bold financial commitment comes as SoftBank continues to navigate volatile tech markets and seeks to strengthen its position in artificial intelligence development.
