MIAMI, Dec 17 (News On Japan) –
SoftBank Group Chairman and CEO Masayoshi Son has introduced a $100 billion funding within the United States, equal to roughly 15 trillion yen, following a gathering with U.S. President-elect Donald Trump at Trump’s Florida residence on December 16. The funding is predicted to create 100,000 jobs over the subsequent 4 years.
At a joint press convention, Trump described the pledge as a “historic investment” that displays important confidence in America’s future. He praised Son, saying, “Masa [Son] has a deeper understanding of emerging technologies than anyone else. It’s an honor.”
Although particulars have been sparse, the funding is believed to give attention to AI-related initiatives, together with knowledge facilities for synthetic intelligence growth. This marks a doubling of Son’s earlier pledge made in December 2016, when he promised $50 billion in investments and 50,000 jobs after Trump’s election victory.
Son defined the rise, stating, “Confidence in the U.S. economy has doubled, so the investment amount has doubled as well.” During the press convention, Trump urged Son to develop the funding additional to $200 billion, to which Son replied, “I want to make it happen. President Trump is an exceptional negotiator.”
This important announcement underscores Son’s confidence in U.S. financial prospects and highlights SoftBank’s continued dedication to advancing cutting-edge applied sciences.
Source: TBS