SoftBank Group Corp, the Japanese technology conglomerate, has announced a substantial investment plan in the United States. The company intends to inject $100 billion into the U.S. economy, which will facilitate the creation of 100,000 jobs within the fields of artificial intelligence (AI) and technology. This investment was revealed by President-elect Donald J. Trump and SoftBank CEO Masayoshi Son on Monday during an event at Mar-a-Lago.
President-elect Trump expressed enthusiasm for the plan, stating that the investment demonstrates optimism about the U.S. following the recent election. “This investment will bolster the development of artificial intelligence and other forward-looking industries in America,” Trump noted. Masayoshi Son echoed the sentiment, celebrating the election results and expressing increased confidence in the U.S. economy.
In a spontaneous moment during the announcement, Trump queried whether Son could double the investment to $200 billion, quipping, “believe it or not, he can actually afford to do that.”
Son responded positively, saying, “With your leadership and my partnership and your support, I will try to make it happen.”
The investment move follows a previous commitment after Trump’s first electoral victory in 2016 when SoftBank pledged $50 billion to U.S. investments.
Trump also outlined broader economic plans, pledging additional tax cuts beyond those enacted in 2017. He announced that businesses investing $1 billion or more in the U.S. would benefit from expedited permit approvals, including environmental assessments.
Trump characterized his second presidency as potentially the most transformative and prosperous phase in American history, saying it will be the “Golden Age of America.”