SoftBank's Ambitious $1 Trillion AI Investment Plan for US Industrial Parks

SoftBank Set to Invest $1 Trillion for AI in US: Reports

The project will address the rising demand for automation and AI, as industries increasingly rely on robotic systems. Japanese investment firm SoftBank is considering investing over $1 trillion to create industrial parks for artificial intelligence (AI) across the United States, Nikkei reported last week. Founder and CEO Masayoshi Son is expected to visit the US to discuss his vision for these parks. The factories would likely feature AI-equipped robots operating autonomously to address labour shortages. The report suggests that the Japanese firm believes AI robots will help maintain American manufacturing competitiveness as the US workforce growth slows. The factories may use humanoid robots from companies like NVIDIA and Agile Robots. The project will meet the growing demand for automation and AI, as industries are expected to depend more on robotic systems in the future. This commitment exceeds the $500 billion AI infrastructure investment announced by Son in January, alongside OpenAI CEO Sam Altman and Oracle's Larry Ellison. At that time, they revealed plans to immediately invest $100 billion, with the goal of expanding the total investment to at least $500 billion for data centres and physical campuses. There were concerns regarding Son's ability to secure the funding for this project. In a conversation with Altman, Son addressed concerns raised by X owner Elon Musk about SoftBank's financial capacity to support ambitious projects like The Stargate Project. Son reassured that SoftBank is committed to making the project happen. "We are not the bank; we are SoftBank. I have no doubt we will make it happen." When the US government launched Project Stargate, Musk questioned SoftBank's financial strength. "They don't actually have the money," he said, adding that SoftBank had well under $10 billion secured. "I have that on good authority." Overall, Son has expressed strong confidence in the US economy, citing deregulation under US president Donald Trump as a key factor in SoftBank's investments.

SoftBank Looks At Investing $1 Trillion For US AI Push With Robot-Run Industrial Parks - SoftBank Group (OTC:SFTBF), SoftBank Group (OTC:SFTBY)

Feel unsure about the market's next move? Copy trade alerts from Matt Maley -- a Wall Street veteran who consistently finds profits in volatile markets. Claim your 7-day free trial now. SoftBank Group Corp SFTBF SFTBY is eying an investment of more than $1 trillion to create industrial parks for artificial intelligence across the U.S., Bloomberg cites a Nikkei report on Friday. Founder and CEO Masayoshi Son will likely visit the U.S. to discuss his ideas for such industrial parks. The factories would likely use AI-equipped robots operating autonomously due to the labor crisis. Also Read: Softbank-Backed Arm Holdings 155% Post-IPO Surge Bolstered by AI Growth and Smartphone Integration Son tapped OpenAI and Oracle Corp ORCL in January for a $100 billion joint venture to fund AI infrastructure in the U.S/, with plans to boost that to at least $500 billion for data centers and physical campuses. OpenAI and Oracle plan to begin filling a new data center in Texas with AI chips from NVIDIA Corp NVDA to get the first facility for their $100 billion Stargate infrastructure venture up and running. Reportedly, SoftBank may become OpenAI's top backer, investing up to $25 billion, surpassing Microsoft's $14 billion stake. The deal could value OpenAI at $300 billion compared to its previous valuation of $157 billion in the October funding round. SoftBank will commit an initial $7.5 billion to the company and $2.5 billion from an investor syndicate. The second tranche of $30 billion will include $22.5 billion from SoftBank and $7.5 billion from a syndicate. Also Read: Mobileye Lands VW Deal For Advanced Driving Tech, Paving Way To Higher Margins, Market Share: Analyst Photo: Shutterstock SFTBFSoftBank Group Corp$62.2717.8%OverviewSFTBYSoftBank Group Corp$25.59-2.55%NVDANVIDIA Corp$110.46-0.87%ORCLOracle Corp$140.30-3.76%Market News and Data brought to you by Benzinga APIs

Report: SoftBank to Invest $1 Trillion in AI-Powered Robot Factories in US | PYMNTS.com

Japanese tech investment firm SoftBank Group is reportedly planning to invest $1 trillion to build artificial intelligence (AI)-equipped factories in the United States. The factories will be located in industrial parks across the country and the robots with which they will be equipped will be designed to provide a solution for American manufacturers that are facing labor shortages, Nikkei reported Friday (March 28), citing unnamed sources. SoftBank Group did not immediately reply to PYMNTS' request for comment. The Nikkei report noted that this amount is higher than the $500 billion investment SoftBank Group CEO Masayoshi Son announced in January. It was reported in December that Son said SoftBank would invest $100 billion in the United States over the next four years, creating at least 100,000 jobs focused on AI and related infrastructure. Son made the announcement at the Mar-a-Lago residence of then-President-elect Donald Trump. "My confidence level to the economy of the United States has tremendously increased with his victory," Son said of Trump. "President Trump is a double-down president. I'm going to have to double down." Son made a similar investment in December 2016 ahead of Trump's first term, saying he saw a lot of deregulation coming with a Trump presidency. In January, Trump announced the up-to-$500 billion Stargate project, in which SoftBank is an equity partner, together with OpenAI, Oracle and MGX. Son will chair the project and SoftBank will be responsible for funding the venture. Stargate aims to build big AI-focused data centers in the U.S., with the first 500,000-square-foot data center being built in Abilene, Texas. It was reported in February that SoftBank was leading a $500 million investment round in Skild AI, a startup developing general intelligence for robots that can be adapted to perform different tasks. SoftBank participated in an earlier funding round for Skild AI, in which the startup raised $300 million in July to build its AI model for robotics. Skild AI said at the time in a press release that it would use the new capital to expand its team and to continue scaling its model and training datasets in preparation for future commercial deployment of its technology. It was noted in the press release that general purpose robots could support the understaffed labor market and perform hazardous jobs.

SoftBank Group Planning Industrial Parks in U.S., Potentially Promising $1 Trillion in Investments, Nikkei Reports

--SoftBank Group plans to create industrial parks across the U.S. featuring artificial intelligence-equipped factories, Nikkei reports. --The Japanese tech investor will potentially promise about $1 trillion in investments to the U.S. government, according to the report. --This is a sharp increase from the $500 billion AI infrastructure investment that CEO Masayoshi Son announced back in January. --Son is currently believed to be visiting the U.S. and may soon move forward with the mega project, Nikkei reports.