SoftBank CEO Masayoshi Son announced a $100 billion investment in the US, creating 100,000 jobs, alongside President-elect Donald Trump. The investment aims to support AI development and infrastructure projects.
Japan’s SoftBank announced plans to invest $100 billion and create 100,000 jobs in the US, the latest indication of companies seeking to align themselves with Donald Trump . Masayoshi Son, SoftBank’s billionaire CEO, stood beside the president-elect at Mar-a-Lago as they formally revealed the plans. Son expressed his desire to commemorate Trump ’s victory, his excitement about the investment, and his hope that Trump would “bring the world into peace again.
” Trump lauded Son as a “brilliant guy” and called the investment a “monumental demonstration of confidence in America’s future,” stating it would ensure that artificial intelligence, emerging technologies, and other industries are developed and grown in the USA. The investor, who made a similar move following Trump’s 2016 presidential victory, will focus the new investment on creating AI-related jobs and infrastructure projects, including those centered on chips and data centers, according to a source familiar with the matter. It remains unclear how Son, known for his ambitious pronouncements, will finance his $100 billion pledge. Following the announcement, SoftBank’s shares closed more than 4 percent higher in Tokyo. Son’s announcement coincides with US technology companies, led by Amazon and Meta, making substantial donations to Trump’s inauguration fund in January, signaling corporate America’s efforts to gain favor with the incoming president. Trump revealed that Jeff Bezos, Amazon’s executive chairman, would be visiting him this week and added that he had recently dined with Tim Cook of Apple. “In the first term, everybody was fighting me. In this term, everybody wants to be my friend,” Trump stated
INVESTMENT JOBS SOFTBANK TRUMP TECHNOLOGY
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