The Japanese investment group plans to address America’s ongoing labor shortages by deploying general-purpose robots.
SoftBank Group, the Japanese investment group led by Masayoshi Son, is planning to make a whopping $1 trillion investment in the United States to establish AI-powered robot factories for industrial hubs.
The report published by Nikkei on March 28 states that SoftBank Group is planning to resolve America’s ongoing labor shortages by deploying general-purpose robots, which can perform multiple tasks.
The reported figure shocked the community as it surpassed the $500 billion investment Son had previously announced in January. These factories with advanced robotics technology are designed to boost American manufacturing by filling critical gaps in the labour market.
While U.S. President Donald Trump waged a trade war against different countries, Masayoshi Son has still long-standing confidence in the U.S. economy.
Earlier, they spoke in December 2016 after meeting Donald Trump. At the time, Son pledged to invest $100 billion over 4 years, which would create 100,000 AI-related jobs. “My confidence level to the economy of the United States has tremendously increased with his victory. President Trump is a double-down president. I’m going to have to double down,” Son said.
This fresh $1 trillion investment will also build on SoftBank’s equity participation in the $500 billion Stargate project, which was announced in January.
Source: https://asia.nikkei.com/Business/Technology/Artificial-intelligence/SoftBank-Group-plans-1tn-AI-robot-industrial-parks-in-U.S
Latest Stories:
