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SoftBank to Invest $100 Billion in AI and Infrastructure in US | PYMNTS.com

Dec 16, 2024 - pymnts.com
SoftBank, led by CEO Masayoshi Son, plans to invest $100 billion in the United States over the next four years, with the goal of creating at least 100,000 jobs in artificial intelligence and related infrastructure. This announcement was made at President-elect Donald Trump’s Mar-a-Lago residence, with Son expressing increased confidence in the U.S. economy following Trump's victory. This investment mirrors a previous commitment made by SoftBank in 2016, where they pledged to create 50,000 jobs and invest $50 billion in the U.S. through a technology fund in collaboration with Saudi Arabia’s Public Investment Fund.

The expansion of AI infrastructure faces challenges related to clean energy, permitting, and workforce needs. AI's growth is driving energy demand, creating competition among U.S. tech companies for limited electricity supplies to power data centers. Son predicts that artificial general intelligence (AGI) will surpass human intelligence within three to five years, with AI becoming exponentially smarter in the following decade. While AGI may not alter human lifestyles significantly, Son suggests that artificial super intelligence (ASI) will bring substantial changes. SoftBank has also announced plans to invest nearly $9 billion in AI, with its investment commitments more than doubling in the past year.

Key takeaways:

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  • SoftBank plans to invest $100 billion in the United States over the next four years, creating at least 100,000 jobs focused on AI and related infrastructure.
  • SoftBank CEO Masayoshi Son expressed increased confidence in the U.S. economy following Donald Trump's election, citing potential deregulation.
  • AI infrastructure development faces challenges related to clean energy, permitting, and workforce needs, as the demand for energy grows with AI expansion.
  • SoftBank is significantly increasing its investment in AI, with plans to invest nearly $9 billion, as it anticipates advancements in artificial general intelligence and artificial super intelligence.
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