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 pledged $100 billion in investment and 100,000 jobs over the next mandate of the elected president. Let’s take stock.
A massive investment in AI
Quoted by CNBCthe manager underlines:
My level of confidence in the United States economy increased significantly with his victory. President Trump is a president who is working hard. I’m going to have to work harder.
His sweet words spoken in the ear of the Republican obviously pleased him. The latter outbid: “He’s doing this because he’s feeling 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 grown right here in the United States. »
It 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, but 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. She finally matched words with actions and spent $75 billion in four years.
Big tech bosses pledge allegiance to Donald Trump
Masayoshi Son is clearly not the only one to come and bow to the new elected president who will return to power on January 20. The Echoes underlines that Sundar Pichai and Sergey Brin from 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 induction ceremony. To find out more about these 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
