by By Maureen Farrell and Michael J. de la Merced • 2 months ago
SoftBank, a Japanese technology firm led by CEO Masayoshi Son, pledged to invest $100 billion in U.S. projects during a news conference with President-elect Donald Trump. This commitment aims to create 100,000 jobs and focuses on technology and AI. The investment mirrors a previous $50 billion pledge made after Trump’s 2016 victory. However, SoftBank will raise the funds through its balance sheet and partnerships, as it does not have $100 billion in cash readily available.