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Five Weeks Before He Become U.S President, Trump Gets His First Big Investment

Five Weeks Before He Become U.S President, Trump Gets His First Big Investment

Manvendra Singh Rajvanshi
Manvendra Singh Rajvanshi
  • New Delhi,
  • Dec 17, 2024,
  • Updated Dec 18, 2024, 4:28 PM IST

President-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, announced SoftBank will invest $100 billion in the U.S. over the next four years. In what is being seen as a boost to the U.S. economy, the investment is expected to create 100,000 jobs. These jobs will be focused on artificial intelligence (AI) and related infrastructure, with the money to be deployed before the end of Trump's term in 2029. Trump said the investment was evidence of “monumental confidence in America's future.” He playfully encouraged Son to make the investment $200 billion. Son chuckled and said that he would try.

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