• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

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

by December 17, 2024
written by December 17, 2024

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 comment
0
FacebookTwitterPinterestEmail

previous post
Trump says Turkey ‘did an unfriendly takeover’ in Syria as US-brokered cease-fire appears to fail
next post
Senate advances NDAA, teeing up final passage for annual defense policy bill

related articles

Customers sue sneaker company On over shoes that...

October 20, 2025

Giorgio Armani group names longtime executive Giuseppe Marsocci...

October 17, 2025

LendingTree founder and CEO Doug Lebda dies in...

October 15, 2025

UPS is ‘disposing of’ U.S.-bound packages over customs...

October 13, 2025

China outlines more controls on exports of rare...

October 10, 2025

Paramount acquires Bari Weiss’ The Free Press, naming...

October 7, 2025

YouTube to pay $24 million to settle Trump...

October 1, 2025

Charlie Javice sentenced to 7 years in prison...

October 1, 2025

Video game maker Electronic Arts to be acquired...

October 1, 2025

Nearly 200,000 BMWs recalled over potential fire risk

September 30, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Bitcoin loses bullish momentum on Monday and drops again

    October 8, 2024
  • Solana and Cardano: Solana loses momentum this morning

    July 25, 2024
  • Three-year inflation outlook hits record low in New York Fed consumer survey

    August 13, 2024
  • Israel strikes at the heart of Iran’s nuclear ambitions in Isfahan offensive

    June 14, 2025
  • Trump’s beef backfires? Aussie exporters may actually win from trade war

    April 9, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,503)
  • Investing (634)
  • Stock (941)

Latest Posts

  • ‘Half a dozen’ more states to ban soda, junk food purchases with food stamps, Trump Agriculture secretary says

    May 23, 2025
  • Top federal agency with history of wasteful spending could be next DOGE target

    February 8, 2025
  • Netanyahu calls on Iranian citizens to seize ‘opportunity’ for regime change

    June 15, 2025

Recent Posts

  • Trump’s plan to slash ‘woke’ foreign aid, NPR funds clears House as Senate battle looms

    June 12, 2025
  • GOP bill targets United Nations’ global carbon ‘tax scheme’

    October 20, 2025
  • Bitcoin could fall to a new weekly low

    September 6, 2024

Editor’s Pick

  • Rubio breaks silence on leaked Signal chat: ‘Someone made a big mistake’

    March 26, 2025
  • American Express CFO says spending picked up at year-end, thanks to millennials and Gen Z

    January 25, 2025
  • Sanders doubles down on his criticism of Democrats, fires back at Pelosi’s pushback

    November 10, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, 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 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock