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TechCheck

Masayoshi Son’s $100B U.S. Investment 12/16/24

TechCheck

CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.566 Ratings

🗓️ 16 December 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Softbank CEO Masayoshi Son joined President Trump at Mar-a-Lago this morning to announce a $100 billion dollar investment in the U.S. over the next four years. The AI-focused investment comes as Washington’s hunger for the emerging technology grows, and Softbank shows signs of refining their own AI strategy. We dig into what sets this apart from Son’s 2016, $50 billion dollar investment after Trump’s first win.

Transcript

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0:00.0

We just heard this hour from President-elect Trump announcing softbanks $100 billion investment in the U.S.

0:05.6

over four years, though it sounds like it's going to be more than that.

0:08.6

The president-elect calling CEO Masayoshi-San, one of the most accomplished business leaders of our time for today's tech check segment.

0:15.1

Our Deirdre Bosa is looking at what's changed since that $50 billion initial investment that was promised from Masa San in 2016,

0:23.7

Deerjo, which he did fulfill, but this time it looks a little different.

0:28.0

Yeah, Sarah, so what hasn't changed is Masaan's nose for opportunity and his risk appetite

0:33.1

when he made that announcement at Trump Tower eight years ago.

0:35.7

He was already raising money for the Vision Fund.

0:38.1

And he would have made those investments anyway.

0:40.2

What will be different this time around is the amount, of course, maybe $200 billion,

0:44.8

Massa Sun's strategy and Washington's own appetite for emerging technologies like AI.

0:49.9

Now, the Vision Fund leaned on a spray-pray strategy you essentially bet on every horse in the race,

0:54.3

hoping that the winner makes up for all the losers.

0:57.1

That, of course, didn't happen.

0:58.1

We work dragged everything else down, ultimately hurting Moss's ability to raise more money for subsequent funds.

1:03.8

In this new AI era, I'm told by a source familiar that Masayoshi Sun will be more focused on a smaller universe of companies

1:10.5

with a more explicit fit

1:12.1

with Arm that is now the crown jewel of the Sop Bank universe. Now, that could mean that

1:16.3

Saabank moves into more of an operational role, more interested in AI-related infrastructure.

1:22.4

There's hints that that is already underway. Saupank was the first customer to receive

1:26.6

Nvidia's new Blackwell chips.

1:28.4

Its telco arm is planning to build Japan's largest supercomputer. And Arm could give Masa San a license

...

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