President-elect Donald Trump and SoftBank Group Corp. founder and CEO Masayoshi Son speak to the media in the lobby of Trump Tower on December 6, 2016 in New York.
Eduardo Munoz Alvarez | AFP | Getty Images
Softbank CEO Masayoshi Son will announce a $100 billion investment in the United States over the next four years during a visit Monday to President-elect Donald Trump's Mar-a-Lago residence in Palm Beach, Florida, sources familiar with the matter told CNBC. Sarah Eisen.
The billionaire investor and founder of the Japanese technology investment firm will also promise in the joint announcement with Trump to create 100,000 jobs focused on artificial intelligence and related infrastructure, the sources said. The funds will be distributed before the end of Trump's term.
The financing could come from various sources controlled by SoftBank, including the Vision Fund, capital projects or the chip maker Holding armWhere the company is the majority owner. Some of the money won't necessarily be newly raised, but may include some already announced funding such as Softbank's recent $1.5 billion investment in OpenAI, the technology company behind chatbot ChatGPT.
SoftBank and Trump's son made a similar announcement in 2016 after Trump was elected president for the first time, with the Japanese company. Agreement to invest $50 billion in the United States With the aim of creating 50 thousand job opportunities.
