President-elect Donald Trump and SoftBank CEO Masayoshi Son revealed a major $100 billion investment aimed at creating 100,000 American jobs, marking a significant milestone for the U.S. economy. The announcement was made on Monday during a meeting at Trump’s Mar-a-Lago estate in Palm Beach, Florida.
Trump Calls Investment a ‘Monumental Demonstration of Confidence’ Speaking from Mar-a-Lago, Trump hailed the deal as a powerful sign of confidence in the United States. He emphasized the monumental nature of this investment, saying it would foster innovation and job growth across various industries, including artificial intelligence and emerging technologies.
“Masa runs one of the largest and most successful technology investment companies in the world, and today we are thrilled to announce that SoftBank will invest $100 billion in the U.S.,” Trump stated. “This historic investment is not just about dollars; it’s about the future of America and making sure that the industries of tomorrow are built here, in the U.S.A.”
Trump reiterated his commitment to ensuring America’s continued strength, safety, and prosperity. “We will not rest until America is richer, safer, and stronger than it has ever been before,” he added.
SoftBank CEO Son Shows Confidence in U.S. Economy Masayoshi Son, the CEO of SoftBank, expressed his excitement about the investment, linking it to his confidence in the U.S. economy under Trump’s leadership. “President Trump’s victory has greatly boosted my confidence in the U.S. economy, and that’s why I’m excited to commit this $100 billion to creating 100,000 jobs here,” Son explained.
Son’s decision to invest heavily in the U.S. reflects his belief in the country’s future, particularly in the realms of technology and artificial intelligence.
Karoline Leavitt Sees the Investment as a Major Win for Trump Incoming White House press secretary Karoline Leavitt appeared to discuss the announcement, calling it a “huge win for Trump” and another example of the so-called “Trump effect.” Leavitt highlighted that this investment fulfills a key promise Trump made during his campaign to restore American manufacturing power. “This is Trump delivering on his promise to make the U.S. the manufacturing superpower of the world,” she said.
Details of the $100 Billion Investment According to sources close to the deal, SoftBank’s $100 billion investment will be spread across various sectors in the U.S., with the goal of creating 100,000 jobs before President Trump’s tenure ends in 2029. While SoftBank currently holds about $30 billion in cash, the specifics of how the company will meet its investment target remain unclear.
This investment follows SoftBank’s previous venture, the SoftBank Vision Fund, which launched with $100 billion but faced challenges, including high-profile failures like WeWork. However, Son remains optimistic, predicting that advancements in artificial intelligence will shape the future of the industry. “A gold rush of intelligence has arrived. The one who goes fastest will win,” he stated at the recent SoftBank World 2024 conference.
Source: Fox Business
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