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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump to announce $100B SoftBank investmentPresident-elect Donald Trump will join SoftBank Group CEO Masayoshi Son at his Florida home to announce that the company is planning to invest $100 billion in U.S. projects over the next four years. That’s according to a person familiar with the plans who spoke on condition of anonymity.
Source: AP - 🏆 728. / 51 Read more »
Trump to announce $100B SoftBank investment in the U.S.President-elect Donald Trump will join SoftBank Group CEO Masayoshi Son at his Florida home to announce that the company is planning to invest $100 billion in U.S. projects over the next four years.
Source: ksatnews - 🏆 442. / 53 Read more »
Trump to announce $100B SoftBank investment in the U.S.PALM BEACH, Fla. (AP) — President-elect Donald Trump will join SoftBank Group CEO Masayoshi Son at his Florida home on Monday to announce that the company
Source: Mynorthwest - 🏆 438. / 53 Read more »
Trump to announce $100B SoftBank investment in the U.S.President-elect Donald Trump will join SoftBank Group CEO Masayoshi Son at his Florida home to announce that the company is planning to invest $100 billion in U.S. projects over the next four years.
Source: wjxt4 - 🏆 246. / 63 Read more »
Trump, SoftBank to announce $100B US investment planJapanese technology group SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.
Source: wsyx6 - 🏆 444. / 53 Read more »
Trump, SoftBank to announce $100B US investment planJapanese technology group SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.
Source: 13WHAM - 🏆 256. / 63 Read more »