SoftBank commits to $100 billion U.S. investment

In a significant move for the U.S. economy, President-elect Donald Trump and SoftBank (TYO:9984 ) Group CEO Masayoshi Son announced a major investment plan on Monday. SoftBank will invest $100 billion in the United States over the next four years. The investment aims to spur job creation and economic growth, with a particular focus on artificial intelligence (AI) and infrastructure development.

The announcement was made at a patriotic event at Trump's Mar-a-Lago club in Palm Beach, Florida, where Trump expressed that this investment showcases "monumental confidence in America's future." He also highlighted the potential for this investment to create 100,000 jobs, aligning with his commitment to enhance the U.S. economy and mitigate the effects of inflation.

Trump praised Masayoshi Son, calling him "one of the most accomplished business leaders of our time," and underscored the significance of the planned investment in relation to his upcoming second term, which starts on January 20. The deployment of the funds is scheduled to be completed before the end of Trump's term, signaling a swift and impactful infusion of capital into the U.S. economy.

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Source: Investing.com