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The least we can say is that he didn't make the trip for nothing. Masayoshi Son, CEO and founder of SoftBank, visited Donald Trump's Mar-a-Lago residence in Florida and promised $100 billion in investment and 100,000 job creations during the president-elect's next term. Let’s take stock.
A massive investment in AI
Quoted by CNBC, the leader thus underlines:
My level of confidence in the United States economy has increased considerably with his victory. President Trump is a president who is doubling down. I will have to doubling down.
His sweet words spoken in the Republican’s ear must have pleased him. The latter added: “He’s doing this because he’s felt very optimistic about our country since the election. This historic investment is a monumental demonstration of confidence in America’s future and will help ensure that artificial intelligence, emerging technologies and other industries of tomorrow are created and developed right here in the United States.”
200% Deposit Bonus up to €3,000 180% First Deposit Bonus up to $20,000It is indeed in the field of AI that SoftBank plans to invest this enormous sum. According to the American media, this could be done in particular via its famous Vision Fund, well known in the world of Tech. The electronic chip manufacturer ARM could also participate, and Masayoshi Son's company is the majority shareholder.
As a reminder, SoftBank had already promised at the start of Donald Trump's first term in 2016 to invest 50 billion dollars. It had finally matched its words with actions and spent 75 billion dollars in four years.
The big tech bosses pledge allegiance to Donald Trump
Masayoshi Son is clearly not the only one coming to bow to the newly elected president who will return to power on January 20. Les Échos thus underlines that Sundar Pichai and Sergey Brin of Google, Tim Cook (Apple), Mark Zuckerberg (Meta), have already visited Donald Trump since his election.
They often bring with them million-dollar donations for his inauguration ceremony. To learn more about the strategies implemented by these leaders, we recommend reading our previous article here.
What to remember:
- SoftBank plans to invest $100 billion in the United States within 4 years
- This funding mainly concerns artificial intelligence
- It should generate 100,000 jobs
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