🌍 SoftBank promises $100 billion investment in the US: the future is built on artificial intelligence! 🤖💼
One of the biggest investment announcements of recent times was made today. In a joint appearance with President Donald Trump,SoftBank $SFTBYCEO Masayoshi Son revealed plans for a $100 billion investment to be made over the next four years. The main goal is to support the development of artificial intelligence (AI) and infrastructure to create up to 100,000 jobs. 📈🔧
Donald Trump called the announcement "a monumental vote of confidence in America's future." and with his typical humour called on Son to double the investment to $200 billion. Son responded with a smile: "I'll try."
SoftBank is a Japanese multinational holding company that specializes in technology, telecommunications and artificial intelligence investments.
The company currently has $29billion in cash , with additional funds that may come from its Vision Fund, capital projects, or Arm Holdings $ARM, a company that specializes in chip manufacturing. After the financial challenges associated with setbacks like WeWork and the stock's 2021-2023 volatility , SoftBank is reasserting its position. Since the beginning of this year, its shares have risen by almost 50 %. 📊💹
🧠 Why AI?
Masayoshi Son has long believed in the advent of superintelligence, which he sees as the next revolution. In his view, investment in AI will be substantial, not just in the billions, but possibly hundreds of billions of dollars. He has previously stated that he is saving funds for "the next big step". SoftBank also recently acquired a stake in OpenAI and bought Graphcore, a startup that focuses on chips for AI.
Trump's vision for US development
Trump, seeking to bolster his image as a leader supporting the U.S. economy, has added his own promise: fast-track processes for companies planning to invest in the U.S. more than 1 billion dollars in the US. This combination of big visions and investment support has the potential to make a real difference - if the plans are followed through.
What do you think of this investment? Is it the next big opportunity or just promises without results?
It's definitely an interesting opportunity, but we'll see what the reality is and how it turns out in the end.