SoftBank's CEO, Masayoshi Son, is set to reveal a $100 billion investment in the U.S. artificial intelligence (AI) sector during a meeting with President-elect Donald Trump at Mar-a-Lago.
The initiative aims to not only boost AI infrastructure but also create 100,000 new jobs across the nation within the next four years. The focus will be on crucial areas such as semiconductor production, data center development, and energy infrastructure needed to support AI advancements.
This investment will be funded by SoftBank’s Vision Fund, as well as additional new investment initiatives. The structure is similar to a previous U.S. investment effort led by Son in 2016.
In interviews earlier this year, Son shared his long-term ambition of advancing artificial superintelligence (ASI), envisioning a future where AI-powered chips revolutionize industries like robotics and healthcare, potentially even aiding in curing diseases like cancer.
Additionally, Son disclosed plans to raise $100 billion for a new venture, Izanagi, which aims to challenge Nvidia in the AI chip market, although the specifics of the project remain under wraps. After a period of more conservative investing, SoftBank is shifting back to a bold, risk-taking approach with a strong focus on AI, eager to capitalize on its growing potential.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.