Trump and Japanese tech conglomerate SoftBank announce $100 billion in U.S. investments

President-elect Donald Trump and the head of Japanese technology conglomerate SoftBank, Masayoshi Son, will announce a $100 billion investment effort aimed at boosting artificial intelligence and related infrastructure projects.

The effort, first reported by CNBC, will attempt to create 100,000 jobs over four years.

Trump and Son announced a similar initiative in 2016 after Trump was first elected president, with the Japanese company agreeing to invest $50 billion in the United States with the aim of creating 50,000 jobs. It's unclear whether this effort has fully paid off, as many of SoftBank's numerous investments in startups in the United States and beyond have not borne fruit. A 2019 Forbes report found that hard data on the ultimate impact was difficult to come by. Axios, however, reports that it largely achieved its goals, at least for a while.

Today, SoftBank is a much smaller company than when Trump took office almost a decade ago and, according to Bloomberg News, it has only $25 billion in liquidity, raising questions about the how Son and his company will find the promised money.

A representative for SoftBank did not immediately respond to a request for comment.

Son joins the slew of tech titans announcing investments following Trump's election victory. Earlier this month, Amazon and Meta, Facebook's parent company, each announced a $1 million contribution to Trump's inaugural fund, as did OpenAI CEO Sam Altman and the startup. AI Perplexity.

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