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Softbank is wooing Trump with a plan to invest $100 billion in AI

Dec 16, 2024 - qz.com
Japanese investment giant Softbank plans to announce a $100 billion investment in the U.S., focusing on artificial intelligence and related infrastructure, during CEO Masayoshi Son's visit with President-elect Donald Trump. The investment aims to create 100,000 jobs by the end of Trump's second term and may involve funds from Softbank's Vision Fund, capital projects, or Arm Holdings. Some of the investment may not be newly raised and could include previously announced commitments, such as a $1.5 billion investment in OpenAI.

This initiative follows Softbank's 2016 announcement of a $50 billion U.S. investment, which Trump claimed was influenced by his election victory. By December 2019, Softbank had invested $47 billion in the U.S. economy, with significant funds going to companies like DoorDash and WeWork. WeWork, which received nearly half of these investments, filed for Chapter 11 bankruptcy in 2023 after its valuation plummeted from $47 billion to $45 million.

Key takeaways:

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  • Softbank plans to announce a $100 billion investment in the U.S., focusing on AI and related infrastructure, aiming to create 100,000 jobs.
  • The investment may include funds from Softbank's Vision Fund, capital projects, or Arm Holdings, and could involve previously announced investments.
  • Softbank CEO Masayoshi Son is a strong advocate for AI, having committed significant funds to AI investments, including a $1 billion round for Wayve.
  • Softbank's previous U.S. investment commitments included a $50 billion pledge in 2016, with significant funds directed towards companies like DoorDash and WeWork.
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