A $100 billion investment initiative aimed at promoting artificial intelligence and associated infrastructure projects will be announced by President-elect Donald Trump and Masayoshi Son, the CEO of the Japanese tech giant SoftBank.

CNBC was the first to report on the initiative, which aims to create 100,000 employment over four years.

After Trump was elected president for the first time in 2016, he and Son launched a similar plan in which SoftBank committed to investing $50 billion in the United States with the goal of creating 50,000 jobs. Due to the failure of many of SoftBank’s numerous startup investments in the United States and other countries, it is unclear if that initiative was entirely successful. Hard statistics on the final impact was hard to find, according to a 2019 Forbes analysis. However, according to Axios, it mostly satisfied the requirements, at least initially.

There are concerns about how Son and his company would raise the promised money because SoftBank is a considerably smaller corporation now than it was when Trump first took office almost ten years ago, and according to Bloomberg News, it only has $25 billion in cash on hand.

A request for comment was not immediately answered by a SoftBank spokesman.

Son is one of many IT giants who have announced investments since Trump won the election. This month, OpenAI CEO Sam Altman, the AI startup Perplexity, and Amazon and Meta, the parent company of Facebook, each announced $1 million contributions to Trump’s inaugural fund.

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