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The CEO and founding father of Japanese telecom and funding group, SoftBank, Masayoshi Son, visited Palm Seashore, Florida, on Monday to go to President-elect Donald Trump on the “Winter White Home.”
There, CNBC first reported, Son introduced a $100 billion funding to create not less than 100,000 jobs over 4 years within the U.S. specializing in AI and its associated prices.
(Photograph by Andrew Harnik/Getty Photographs)
“My confidence stage to the economic system of the USA has tremendously elevated along with his victory,” Son stated. “President Trump is a double-down president. I’ll need to double down.”
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Son is a billionaire investor with a web value of round $16.7 billion, per Bloomberg. Tokyo-based Softbank has a market capitalization of round $95 billion.
“He is doing this as a result of he feels very optimistic about our nation for the reason that election,” Trump stated, per CNBC. “This historic funding is a monumental demonstration confidence in America’s future, and it’ll assist be sure that synthetic intelligence, rising applied sciences, and different industries of tomorrow are being created and grown proper right here within the USA.”
In 2016, after Trump’s first election victory, Son’s firm invested $50 billion within the U.S. to create 50,000 jobs.
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