{"id":13273,"date":"2024-12-17T00:00:43","date_gmt":"2024-12-17T00:00:43","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/12\/17\/trump-and-japan-tech-conglomerate-softbank-announce-100-billion-in-u-s-investments\/"},"modified":"2024-12-17T00:00:43","modified_gmt":"2024-12-17T00:00:43","slug":"trump-and-japan-tech-conglomerate-softbank-announce-100-billion-in-u-s-investments","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/12\/17\/trump-and-japan-tech-conglomerate-softbank-announce-100-billion-in-u-s-investments\/","title":{"rendered":"Trump and Japan tech conglomerate SoftBank announce $100 billion in U.S. investments"},"content":{"rendered":"<p class=\"\">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.<\/p>\n<p class=\"\">The effort, first reported by CNBC, will attempt to create 100,000 jobs over four years.<\/p>\n<div><\/div>\n<p class=\"\">Trump and Son announced a similar initiative in 2016 after Trump was elected president for the first time, with the Japanese firm\u00a0agreeing to invest $50 billion in the U.S.\u00a0with the aim to create 50,000 jobs. It is not clear whether that effort fully paid off, as many of SoftBank\u2019s 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.<\/p>\n<p class=\"\">Today, SoftBank is a much smaller company than when Trump first took office nearly a decade ago \u2014\u00a0and 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.<\/p>\n<p class=\"\">A SoftBank representative did not immediately respond to a request for comment.<\/p>\n<p class=\"endmark\">Son joins the slew of tech titans announcing investments following Trump\u2019s electoral victory. Earlier this month, Amazon and Meta, the parent company of Facebook, each announced $1 million contributions to Trump\u2019s inaugural fund, as have OpenAI CEO\u00a0Sam Altman\u00a0and the AI startup Perplexity.<\/p>\n<\/p>\n<div>This post appeared first on NBC NEWS<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":13274,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/13273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=13273"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/13273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/13274"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=13273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=13273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=13273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}