President-elect Donald Trump and the head of Japanese tech conglomerate SoftBank, Masayoshi Son, will announce a $100 billion investment effort designed to spur artificial intelligence and related infrastructure projects.
The effort, first reported by CNBC, will attempt to create 100,000 jobs over four years.
Trump and Son announced a similar initiative in 2016 after Trump was elected president for the first time, with the Japanese firm agreeing to invest $50 billion in the U.S. with the aim to create 50,000 jobs.
It is not clear whether that effort fully paid off, as many of SoftBank's numerous startup investments in the U.S. and beyond failed to pay off.
Son joins the slew of tech titans announcing investments following Trump's electoral victory.
Persons:
Donald Trump, Masayoshi Son, Trump, Son, Forbes, Axios, Sam Altman
Organizations:
CNBC, Bloomberg News, titans, Facebook
Locations:
U.S