The Japanese internet and telecom giant Softbank plans to invest 100 billion dollars (equivalent to 1,100 billion kronor) in the USA over four years, reports The Wall Street Journal.
Softbank's CEO Masayoshi Son and the USA's incoming president Donald Trump are expected to jointly present the investment plan during an appearance at Trump's Mar-a-Lago in Florida later on Monday, according to the newspaper, which cites an anonymous source.
According to Softbank, the investments will create 100,000 new jobs in artificial intelligence (AI) and technical development over the years.
How Softbank will finance the investments is unclear. The investor currently has around 30 billion dollars in liquid assets.
