On Monday, Softbank CEO Masayoshi Son joined President-elect Donald Trump to announce that his firm would make investments $100 billion into the US over the subsequent 4 years.
In a press convention at Trump’s Mar-a-Lago residence, Trump additionally introduced that Softbank’s funding would create, at a minimal, 100,000 American jobs. Trump referred to as it a “historic funding” that may “assist be certain that synthetic intelligence, rising applied sciences and different industries of tomorrow are constructed, created and grown proper right here within the USA.”
Son and Trump have had an in depth working relationship since 2016 throughout Trump’s first time period, when Son introduced that Softbank would make investments $50 million in US startups and create 50,000 jobs. On the Monday convention, Son mentioned he selected to double his 2016 funding as a result of “President Trump is a double down president, I’m going to need to double down.”
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