President-elect Donald Trump and Softbank CEO Masayoshi Son are announcing a $100 billion investment in critical infrastructure and artificial intelligence on Monday, the incoming White House press secretary told FOX Business. Karoline Leavitt, speaking on "Varney & Company," called the investment "a huge win for Trump, and it's another example of the Trump effect." "The CEO of SoftBank will be at Mar-a-Lago today.
TECH LEADERS BEZOS, ZUCKERBERG, COOK, AND PICHAI LOOK FOR FACE TIME WITH TRUMP A person involved with the event today at Mar-a-Lago told The Wall Street Journal that SoftBank – a telecommunications and internet services company based in Japan – plans to complete the investments before Trump leaves office in 2029. The newspaper reported that SoftBank currently has around $30 billion of cash in hand, so it is unclear how the funding commitment will be met.
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