2024-12-16 16:10:00
The CEO of the Japanese company, Masayoshi Son, will unveil this project together with Donald Trump in the latter’s hotel residence.
Trump and Softbank hand in hand. Japanese technology investment firm SoftBank will announce on Monday its intention to invest $100 billion in the United States over the next four years, a member of the president-elect’s transition team told AFP Donald Trump. SoftBank CEO Masayoshi Son will unveil this project with the next American head of state at Mar-a-Lago, the hotel residence where Donald Trump now lives, according to several American media. When asked by AFP, SoftBank did not immediately respond.
The Japanese group has already acquired important stakes in several American companies, in particular in the mobile operator T-Mobile, of which it controls over 7% of the capital. SoftBank is also a shareholder of several artificial intelligence flagships, first of all OpenAI, in which it has already invested two billion dollars. The Tokyo company has also created a joint company with the specialist in the use of artificial intelligence for medical diagnosis and treatment Tempus AI.
In December 2016, a few weeks after Donald Trump’s first election as president of the United States, Masayoshi Son had already committed to investing 50 billion dollars in American companies. This first wave had mixed results, with some major failures such as the investment in shared office start-up WeWork. SoftBank paid more than $16 billion to acquire a majority stake and then rescue this young company, which ended up filing for bankruptcy in November 2023. This safeguard procedure and the previous decline in the share price reduced the value of this participation.
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