The article discusses SoftBank Group’s plans to invest $100 billion in the United States over the next decade. SoftBank is a Japanese technology conglomerate known for its investments in companies like Uber, WeWork, and Slack. The investment aims to create jobs and boost the US economy. SoftBank CEO Masayoshi Son announced the investment at the SoftBank World 2023 conference in Tokyo. He stated that the funds will be allocated to areas such as artificial intelligence, robotics, and the Internet of Things. The investment is part of SoftBank’s broader strategy to position itself as a leader in cutting-edge technologies. Son emphasized the importance of investing in the US market, citing its strong economy and technological prowess. The article also mentions SoftBank’s previous investments in the US, including a $20 billion investment in Sprint and a $3 billion investment in WeWork. Overall, the article highlights SoftBank’s ambitious plans to strengthen its presence in the US tech sector.
Source: https://abcnews.go.com/Business/wireStory/tech-giant-softbank-investing-100-billion-us-116857521