SoftBank planning to invest $1 trillion for AI effort in US: Report

SoftBank Group Corp. plans to create industrial parks for artificial intelligence across the US and is considering an investment of more than $1 trillion, Nikkei reported.

Founder and Chief Executive Officer Masayoshi Son is expected to visit the US to discuss his ideas for such industrial parks, the newspaper said.

The factories would likely use AI-equipped robots that would operate autonomously because of labor shortages in the country, according to the report.