OAN Staff Brooke Mallory
11:25am – Tuesday, December 17, 2024
President-elect Donald Trump and SoftBank CEO Masayoshi Son announced Monday at Mar-a-Lago that Japanese technology giant SoftBank will invest $100 billion in the U.S. and invest in technology and artificial intelligence (AI). He said he intends to create at least 100,000 jobs in the sector. ).
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“Today, I am very pleased to announce that SoftBank will invest $100 billion.” [in] “America, we will create at least 100,000 American jobs,” Trump said, adding that Son announced the investment because “I feel very optimistic about our country since the election.”
This will “ensure that artificial intelligence, emerging technologies and other industries of tomorrow are built and created right here in the United States,” President Trump said.
Son added: “I'm very, very excited.” “I would like to congratulate President Trump on his great victory, and his victory has greatly increased my level of confidence in the U.S. economy.”
President Trump then asked Son to double his investment during the announcement.
“I'm going to ask him now, can you make it $200 billion? Believe it or not, he can actually afford to do that,” Trump continued.
“With your leadership, my partnership, and your support, I will strive to make this a reality,” Son responded.
After President Trump's victory in 2016, the two announced that his company would invest $50 billion in the United States. SoftBank, a Tokyo-based investment corporation, specializes in energy, technology, and financial companies. The CEO is a Trump supporter and loyalist.
President Trump announced the SoftBank news at a press conference on Monday, which led to lengthy comments on economic policy. President Trump said companies investing more than $1 billion in the U.S. will be eligible for a fully expedited permitting process, including environmental permits.
“This will be the most exciting and successful period of reform and renewal in American history, and perhaps in the history of the world. It has begun what I call America's Golden Age,” Trump said. declared.
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