SoftBank to Invest $100 Billion in US, Creating 50,000 Jobs

December 17, 2024 Catherine Williams News

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At a glance

• Trump: "Everybody wants to be my friend" masayoshi ⁣Son, chairman of Japan's SoftBank, smiles at US President-elect Donald Trump during a⁢ news conference in Florida on the 16th...

Original source: khan.co.kr

Tech Giants Flock ‍to Trump, Pledging Billions in Investments

Florida – In a whirlwind of meetings ahead ⁣of his inauguration, President-elect Donald Trump is welcoming a parade of tech titans⁤ to his Mar-a-Lago estate, securing⁣ billions in promised investments and⁣ signaling a potential shift in the relationship between Silicon Valley and the White ⁤House.

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2024121801000566200055581.jpg” alt=”Trump: “Everybody‍ wants to ⁤be my friend” Masayoshi Son, chairman‍ of Japan’s SoftBank, smiles at US President-elect Donald Trump during ⁣a news conference in Florida ⁣on the 16th (local ‍time). AP Yonhap News”/>

Trump: “Everybody wants to be my friend” masayoshi ⁣Son, chairman of Japan’s SoftBank, smiles at US President-elect Donald Trump during a⁢ news conference in Florida on the 16th (local⁢ time). AP Yonhap News

The latest to join the procession was SoftBank Chairman Masayoshi Son, who announced plans to invest⁤ $100 billion in the United States ⁢over the next four years. This investment, Son said, would create 100,000 jobs in⁣ artificial intelligence and related infrastructure.

“Everybody fought me ‍in my first term⁤ (in ⁢office),but this ‍time,everybody wants to be my friend,” President-elect Trump declared at⁢ a ‍press conference,highlighting the eagerness of⁤ tech leaders to mend fences after a period ⁢of tension.

This flurry of activity⁣ follows meetings with other tech giants,including⁣ Meta CEO Mark Zuckerberg,Alphabet CEO Sundar Pichai,and Apple CEO Tim Cook. Even ⁣Amazon, Meta, and OpenAI have pledged $1 million each to Trump’s inauguration.

The⁤ investment pledges come as President-elect Trump seeks to solidify his relationship with the tech industry, which has often been at odds with his governance.SoftBank’s Son previously pledged⁤ $50 billion in U.S. ‍investments in 2016, following Trump’s election⁢ victory.‍ while some of those investments, like those in WeWork and Zoom, faced⁣ challenges, son’s latest commitment signals a renewed confidence ⁣in the U.S. market.

The meetings also underscore the growing influence of OpenAI CEO Sam Altman,who has emerged as a key ⁣advisor to President-elect Trump. Altman’s close ties to the ‍incoming administration have sparked speculation about the⁢ future of artificial intelligence regulation and growth under the Trump presidency.

As President-elect Trump prepares to take office, the tech industry’s eagerness to engage with‍ him suggests a⁢ potential shift in the dynamics between‍ Silicon Valley and Washington. Whether this newfound camaraderie will translate into concrete policy⁣ changes⁣ remains ⁣to ⁣be ⁢seen.

Tech Titans Woo Trump, Pledging Billions in Investments

Florida – In a series ⁤of meetings at his Mar-a-Lago estate, president-elect Donald ⁣Trump has secured ⁣billions in promised investments from tech giants, signaling a potential shift in the relationship ⁤between Silicon Valley and⁣ the White House.

SoftBank Chairman ⁢Masayoshi Son was the latest to pledge a major investment, announcing plans to⁢ invest $100 billion in the United States over the next four years. This investment, Son said, would create 100,000 jobs in artificial intelligence and related infrastructure.

“Everybody fought me in my first term (in office), but ‍this time, everybody wants to be my friend,” President-elect Trump declared at a ⁢press conference, ⁣highlighting the eagerness of tech leaders to mend fences after a period of ‍tension.

This flurry of activity follows meetings with other ⁢tech titans, including Meta CEO Mark Zuckerberg, Alphabet CEO Sundar Pichai, and Apple CEO ‍Tim cook. Even⁢ Amazon,Meta,and openai have pledged $1⁤ million each to Trump’s inauguration.

The investment pledges ⁢come as President-elect Trump seeks to solidify his relationship with the tech industry, which has often been at odds with his ⁣governance. SoftBank’s⁣ Son previously pledged $50 billion⁤ in U.S.⁢ investments in 2016, following trump’s election victory. While some of those investments, like those in WeWork and Zoom, faced challenges, Son’s latest commitment signals‍ a ⁣renewed confidence in the U.S. market.

The ⁣meetings also ⁤underscore the growing influence of OpenAI CEO Sam Altman, who has emerged as a key advisor‍ to president-elect Trump. Altman’s close ties to the incoming administration have⁣ sparked speculation about ⁤the future of artificial intelligence regulation and growth under the Trump presidency.

As President-elect Trump prepares to take office, the tech ⁤industry’s eagerness to⁣ engage⁢ with him⁤ suggests a potential shift⁢ in the⁢ dynamics between Silicon Valley and Washington. Whether this newfound camaraderie will translate into concrete policy changes remains to be seen.