The CEO and founding father of Japanese telecom and funding group, SoftBank, Masayoshi Son, visited Palm Seaside, Florida, on Monday to go to President-elect Donald Trump on the “Winter White Home.”
There, CNBC first reported, Son introduced a $100 billion funding to create not less than 100,000 jobs over 4 years within the U.S. specializing in AI and its associated prices.
(Picture by Andrew Harnik/Getty Pictures)
“My confidence stage to the financial system of the USA has tremendously elevated together with his victory,” Son mentioned. “President Trump is a double-down president. I’ll need to double down.”
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Son is a billionaire investor with a internet price of round $16.7 billion, per Bloomberg. Tokyo-based Softbank has a market capitalization of round $95 billion.
“He is doing this as a result of he feels very optimistic about our nation for the reason that election,” Trump mentioned, per CNBC. “This historic funding is a monumental demonstration confidence in America’s future, and it’ll assist be certain that synthetic intelligence, rising applied sciences, and different industries of tomorrow are being created and grown proper right here within the USA.”
In 2016, after Trump’s first election victory, Son’s firm invested $50 billion within the U.S. to create 50,000 jobs.
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