Saturday, May 10, 2025
  • Business
  • Investing
  • World-news
  • Stock
No Result
View All Result
Finance Mastery News
Advertisement
  • Business
  • Investing
  • World-news
  • Stock
No Result
View All Result
Finance Mastery News
No Result
View All Result
Home Business

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

admin by admin
December 17, 2024
in Business
0
Trump and Japan tech conglomerate SoftBank announce $100 billion in U.S. investments
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

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

Previous Post

Argentina’s President Javier Milei given Italian citizenship during state visit

Next Post

McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty

admin

admin

Next Post
McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty

McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    • Trending
    • Comments
    • Latest
    Criminals are looting millions from ATMs in Europe. Here’s why Germany is a prime target

    Criminals are looting millions from ATMs in Europe. Here’s why Germany is a prime target

    October 28, 2024
    Israeli MP behind bill to expel key UN agency accuses US of interfering with process

    Israeli MP behind bill to expel key UN agency accuses US of interfering with process

    October 28, 2024
    British nurse Lucy Letby loses bid to appeal single attempted murder conviction

    British nurse Lucy Letby loses bid to appeal single attempted murder conviction

    October 25, 2024
    North Korean troops spotted in Russian border region with Ukraine, says Kyiv

    North Korean troops spotted in Russian border region with Ukraine, says Kyiv

    October 25, 2024
    Putin, Xi and friendly world leaders celebrate Russia’s Victory Day at Moscow Parade

    Putin, Xi and friendly world leaders celebrate Russia’s Victory Day at Moscow Parade

    0
    Private payroll growth slowed to 122,000 in July, less than expected, ADP says

    Private payroll growth slowed to 122,000 in July, less than expected, ADP says

    0
    The 10 worst states to retire in the U.S. No. 1 isn’t California or New York

    The 10 worst states to retire in the U.S. No. 1 isn’t California or New York

    0
    Boeing taps aerospace veteran Ortberg to replace Dave Calhoun as CEO

    Boeing taps aerospace veteran Ortberg to replace Dave Calhoun as CEO

    0
    Putin, Xi and friendly world leaders celebrate Russia’s Victory Day at Moscow Parade

    Putin, Xi and friendly world leaders celebrate Russia’s Victory Day at Moscow Parade

    May 10, 2025
    Ellen Miles is planting seeds of hope through guerrilla gardening

    Ellen Miles is planting seeds of hope through guerrilla gardening

    May 10, 2025
    Sycamore Gap: Two men convicted of felling one of UK’s most famous trees

    Sycamore Gap: Two men convicted of felling one of UK’s most famous trees

    May 10, 2025
    Ukraine says it has uncovered Hungarian spy network working in border region

    Ukraine says it has uncovered Hungarian spy network working in border region

    May 10, 2025

    Recent News

    Putin, Xi and friendly world leaders celebrate Russia’s Victory Day at Moscow Parade

    Putin, Xi and friendly world leaders celebrate Russia’s Victory Day at Moscow Parade

    May 10, 2025
    Ellen Miles is planting seeds of hope through guerrilla gardening

    Ellen Miles is planting seeds of hope through guerrilla gardening

    May 10, 2025
    Sycamore Gap: Two men convicted of felling one of UK’s most famous trees

    Sycamore Gap: Two men convicted of felling one of UK’s most famous trees

    May 10, 2025
    Ukraine says it has uncovered Hungarian spy network working in border region

    Ukraine says it has uncovered Hungarian spy network working in border region

    May 10, 2025

    Disclaimer: financemasterynews.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.

    Browse by Category

    • Business
    • Investing
    • Stock
    • World-news

    Recent News

    Putin, Xi and friendly world leaders celebrate Russia’s Victory Day at Moscow Parade

    Putin, Xi and friendly world leaders celebrate Russia’s Victory Day at Moscow Parade

    May 10, 2025
    Ellen Miles is planting seeds of hope through guerrilla gardening

    Ellen Miles is planting seeds of hope through guerrilla gardening

    May 10, 2025
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 financemasterynews.com | All Rights Reserved

    No Result
    View All Result

    Copyright © 2025 financemasterynews.com | All Rights Reserved