The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

Business

Trump and Japan tech conglomerate SoftBank announce $100 billion in U.S. investments

by admin December 17, 2024
December 17, 2024
Trump and Japan tech conglomerate SoftBank announce $100 billion in U.S. investments

President-elect Donald Trump and the head of Japanese tech conglomerate SoftBank, Masayoshi Son, will announce a $100 billion investment effort designed to spur artificial intelligence and related infrastructure projects.

The effort, first reported by CNBC, will attempt to create 100,000 jobs over four years.

Trump and Son announced a similar initiative in 2016 after Trump was elected president for the first time, with the Japanese firm agreeing to invest $50 billion in the U.S. with the aim to create 50,000 jobs. It is not clear whether that effort fully paid off, as many of SoftBank’s numerous startup investments in the U.S. and beyond failed to pay off. A 2019 report from Forbes found hard data on the ultimate impact difficult to come by. Axios, however, reports it largely met the marks, at least for a time.

Today, SoftBank is a much smaller company than when Trump first took office nearly a decade ago — and according to Bloomberg News, only has $25 billion in cash on hand, raising questions about how Son and his firm will come up with the pledge money.

A SoftBank representative did not immediately respond to a request for comment.

Son joins the slew of tech titans announcing investments following Trump’s electoral victory. Earlier this month, Amazon and Meta, the parent company of Facebook, each announced $1 million contributions to Trump’s inaugural fund, as have OpenAI CEO Sam Altman and the AI startup Perplexity.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty
next post
McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty

Related Posts

Essence Fest leads a summer of events for...

July 4, 2025

The Fed’s preferred inflation measure rose 0.2% in...

June 1, 2024

Spirit Airlines, fresh from bankruptcy, is ready to...

March 14, 2025

Nvidia’s CEO did a Q&A with analysts. What...

March 23, 2025

Super Bowl ads beckon up to $8 million...

January 31, 2025

McDonald’s to extend $5 value meal in most...

July 24, 2024

Goodbye to ‘bags fly free’ on Southwest Airlines,...

March 17, 2025

Why the Fed keeping rates higher for longer...

April 25, 2024

Surging AI demand could cause the world’s next...

September 27, 2024

Jeep expects to grow plug-in hybrid SUV sales...

June 4, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • The Real Drivers of This Market: AI, Semis & Robotics

      August 31, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      August 31, 2025
    • Epstein estate to hand over ‘birthday book’ to lawmakers, House Dem says

      August 31, 2025
    • Dyan Cannon denied White House entry after lying about her age on passport documents

      August 31, 2025
    • Israel eliminates Houthi prime minister in Yemen airstrike targeting senior government officials

      August 31, 2025
    • Sen. Bernie Sanders calls on RFK Jr. to resign following departure of CDC officials

      August 31, 2025

    Categories

    • Business (1,370)
    • Politics (4,370)
    • Stocks (1,619)
    • Uncategorized (45)
    • World News (1,363)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved