Recently, U.S. presidential candidate Donald Trump announced at his Mar-a-Lago resort in Florida, alongside SoftBank Group CEO Masayoshi Son, that SoftBank plans to invest $100 billion in U.S. projects over the next four years. This significant investment is expected to focus on the development of artificial intelligence.
Image Source Note: Image generated by AI, image licensed from Midjourney
At the press conference, Trump stated that SoftBank's investment demonstrates immense confidence in the future of the United States. He mentioned that since his election, many have expressed a desire to make large-scale investments in the U.S. Trump praised this investment as a "major demonstration of confidence" in America, emphasizing that it will create more jobs.
Masayoshi Son expressed excitement over Trump's election, stating that this investment plan is not only for economic gain but also to promote global peace. He revealed that the investment amount is double the $5 billion he promised in 2016 when Trump was first elected, humorously asking if Son would double it again, even reaching $200 billion.
Trump has previously announced collaborations with foreign companies in grand fashion, but some commitments have not materialized. For instance, Taiwan's Foxconn promised to invest $10 billion in building a factory in 2017, but the actual investment was significantly reduced due to the impact of the pandemic.
This investment announcement represents a successful promotional opportunity for Trump. In recent weeks, he has actively engaged with foreign leaders and is committed to implementing his policies. Additionally, Trump stated that any project investing over $1 billion in the U.S. will receive expedited approval, including environmental reviews.
SoftBank was founded in 1981 by Masayoshi Son, who studied at the University of California, Berkeley. The company invests in various businesses through its venture capital fund, with a portfolio that includes search engine Yahoo, Chinese retail giant Alibaba, and AI chip manufacturer Nvidia. This year, SoftBank also established a partnership with Saudi Arabia to jointly build a robotics factory in Riyadh.
However, not all investments have been successful. SoftBank invested heavily in the co-working company WeWork, which filed for bankruptcy last year. Additionally, SoftBank had previously invested in a failed robotic pizza-making company, Zume.
The announcement of this investment signifies SoftBank's proactive stance in promoting technological innovation and employment in the U.S., while also providing strong policy support for the Trump administration.
Key Points:
🌟 SoftBank announces a $100 billion investment in the U.S. over the next four years, primarily focused on artificial intelligence.
🤝 Trump describes this investment as a demonstration of confidence in America's future, emphasizing the creation of more jobs.
💼 Masayoshi Son states this investment is double his 2016 commitment, showing support for Trump's election.
