SoftBank CEO set to announce $100 bn US investment / Photo: Kazuhiro NOGI - AFP/File
-
The Dilemma of Recording Live Music: Preserving Memories vs. Being Present
-
دراسة دنماركية: القهوة تحسن صحة الجهاز الهضمي وتنوع البكتيريا
-
الجبهة الشعبية وحماس تبحثان التطورات السياسية وتعزيز الوحدة الوطنية
-
فتح تؤكد التزامها بإرث عرفات في الذكرى الـ22 لاستشهاده
-
ترامب يدافع عن جينسن هوانغ بعد كشف علاقته بجاسوسة صينية
-
Pismo Beach Mayoral Candidate Faces Allegations of Harassment Against Transgender Teen
-
Thukukile Zuma Resigns from ANC Johannesburg Leadership Amid Disciplinary Dispute
-
Bahrain MPs Approve Five-Year Wait for Repeat Hajj Pilgrims
-
Irish Study Finds No Link Between Lifetime Fluoride Exposure and Cognitive Decline
-
David Walliams Identified as Celebrity in Sexual Misconduct Allegations After Legal Bid
-
Calgary Councillors Prioritize Affordability Ahead of Nov. 10 Budget Release
-
Texas Gov.-elect Hinojosa Plans Rate Freeze Amid Legal Concerns
-
5 Wardrobe Design Trends Making Sydney Bedrooms Work Harder in 2026
-
Elijah Moore Scores Career-High 29 as McNeese Sets School Records in 135-87 Win
-
Judy Schavrien’s New Book ‘There’ll Be No Dying Here’ Collects Decades of Intimate Portraits
SoftBank CEO set to announce $100 bn US investment
The head of Japan's SoftBank is set to announce plans on Monday to invest $100 billion in the United States over the next four years, a spokesperson for US President-elect Donald Trump's transition team told AFP.
SoftBank's billionaire chief executive Masayoshi Son and Trump are expected to jointly announce the planned investment at the president-elect's Mar-a-Lago residence in Florida later in the day, according to US media reports.
SoftBank did not immediately respond to a request for comment.
The announcement from Son, 67, would be around double the amount he committed SoftBank to in December 2016, shortly before Trump began his first term as US president.
The Japanese investment behemoth ultimately parted with close to $100 billion through its Vision Fund, with much of the money supplied by sovereign wealth funds in Saudi Arabia and the United Arab Emirates.
Son made his name with successful early investments in Chinese ecommerce titan Alibaba and internet pioneer Yahoo, but has also bet on catastrophic failures such as WeWork.
Son has repeatedly said that "artificial superintelligence" will arrive in a decade, bringing new inventions, new medicine, new knowledge and new ways to invest.
T.Khatib--SF-PST