• 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

Cracker Barrel shares plummet after pushback on new...

August 22, 2025

Walmart boosts sales outlook as it says tariff...

August 21, 2025

How a ship that glides like a pelican...

August 21, 2025

Apple just landed a key win for the...

August 20, 2025

Best Buy launches third-party marketplace as it looks...

August 19, 2025

Group accused of using fake accounts to buy...

August 19, 2025

Playboy moving its headquarters to Miami Beach and...

August 17, 2025

Lyft co-founders to step down from ride-hailing firm’s...

August 16, 2025

Warren Buffett’s Berkshire Hathaway reveals new stake in...

August 16, 2025

Apple Watch getting redesigned blood oxygen feature following...

August 15, 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

  • Will Trump White House rescue TikTok from looming ban? President-elect has done a 180 on the app

    November 15, 2024
  • Senate confirms Trump pick to lead independent Nuclear Regulatory Commission

    July 29, 2025
  • Hamas names Yahya Sinwar, mastermind of Oct 7 attacks, as its new leader after Haniyeh assassination

    August 7, 2024
  • Senators enter marathon vote-a-rama as Trump’s ‘big, beautiful bill’ deadline barrels near

    June 30, 2025
  • RFK Jr’s abortion ‘issue’: Senate GOP plans to scrutinize Trump HHS pick’s position

    November 20, 2024

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

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

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,786)
  • Investing (634)
  • Stock (894)

Latest Posts

  • Loyal Jill Biden aide’s deposition date comes with no sign if he’ll appear

    July 16, 2025
  • Trump names Alina Habba as counselor to the president; reveals several State Department picks

    December 9, 2024
  • Why this former Republican presidential candidate is at the Democrats’ 2024 convention

    August 22, 2024

Recent Posts

  • Trump announces new ‘serious power’ fighter jets for Michigan Guard base to replace aging A-10s

    April 29, 2025
  • Parents of American murdered by Hamas make ‘plea’ to Trump after latest hostage release

    February 9, 2025
  • Hirono ripped for ‘deranged’ opening confirmation hearing question to Burgum: ‘This lady has issues’

    January 16, 2025

Editor’s Pick

  • SEN. RAND PAUL: Kennedy is confronting ‘corrupt’ health agencies to Make America Healthy Again

    May 28, 2025
  • Trump signs executive order to protect Americans from ‘exploitive ticket scalping’ in entertainment industry

    April 1, 2025
  • American journalist detained in Iran as Supreme Leader Khamenei threatens US, Israel, State Department says

    November 3, 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