The Ceo Of Softbank Just Announced He's 'doubling-down' On President-elect Donald Trump's Second Term — Here's Why

The CEO and laminitis of Japanese telecom and finance group, SoftBank, Masayoshi Son, visited Palm Beach, Florida, connected Monday to sojourn President-elect Donald Trump astatine nan "Winter White House."

There, CNBC first reported, Son announced a $100 cardinal finance to create astatine slightest 100,000 jobs complete 4 years successful nan U.S. focusing connected AI and its related costs.

(Photo by Andrew Harnik/Getty Images)

"My assurance level to nan strategy of nan United States has tremendously accrued pinch his victory," Son said. "President Trump is simply a double-down president. I'm going to personification to double down."

Related: SoftBank CEO Says AI 10x Smarter Than Humans Could Be Here successful a Matter of Years

Son is simply a billionaire investor pinch a nett worthy of astir $16.7 billion, per Bloomberg. Tokyo-based Softbank has a marketplace capitalization of astir $95 billion.

"He's doing this because he feels very optimistic astir our authorities since nan election," Trump said, per CNBC. "This humanities finance is simply a monumental objection assurance successful America's future, and it will thief guarantee that artificial intelligence, emerging technologies, and different industries of tomorrow are being created and grown correct coming successful nan USA."

In 2016, aft Trump's first predetermination victory, Son's institution invested $50 cardinal successful nan U.S. to create 50,000 jobs.

Related: SoftBank Vision Fund Co-CEO Rajeev Misra Steps Down; Alex Clavel Named Sole CEO