Softbank CEO Masayoshi Son will announce a $100 billion investment in the U.S. over the next four years.
CEO Masayoshi Son will announce a $100 billion investment in the U.S. over the next four years during a Monday visit to President-elect Donald Trump's residence Mar-a-Lago in Palm Beach, Florida, sources familiar with the matter told CNBC's
The billionaire investor and founder of the Japanese tech-investing 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 money will be deployed before the end of Trump's term., where the firm is majority owner. Some of the money will not necessarily be newly raised, but could include some funding already announced such as Softbank's recent $1.
Softbank's Son and Trump made a similar announcement in 2016 after Trump was elected president for the first time, with the Japanese firmFeeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyDaylight Saving Time
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