SoftBank CEO Set to Invest $100 Billion in the AI Sector
17.12.2024 9:30 1 min. read Kosta Gushterov
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.
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