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In a Monday joint appearance with President-Elect , CEO announced plans to invest $100 billion in U.S. businesses and create at least 100,000 new domestic jobs.

The brief press event was heavy on mutual praise and relatively scant on investment details.

Trump began by praising Son as 鈥渙ne of the most successful investors in the world鈥� and described the commitment as 鈥渁 monumental demonstration of confidence in America鈥檚 future.鈥� He said the investment will help ensure that artificial intelligence and other 鈥渋ndustries of tomorrow鈥� will be built and grown in the U.S.

Son returned the praise by saying he is celebrating Trump鈥檚 election win and that his 鈥渃onfidence level for the economy of the United States has tremendously increased because of his victory.鈥�

He added that his hope is that 鈥淧resident Trump will bring the world into peace again.鈥�

SoftBank鈥檚 commitment is a repeat performance 鈥� albeit on a 2x scale 鈥� of a Son made after meeting with Trump following his first election victory. At the time, SoftBank agreed to invest $50 billion in the U.S., with an eye to creating 50,000 jobs.

SoftBank began scaling up its startup investment activity considerably in 2017, with its groundbreaking . The fund aimed to invest $100 million in startups globally. A couple years later, SoftBank followed up with .

Mixed results

As we鈥檝e chronicled previously, SoftBank鈥檚 investments are a mix of hits and misses, including many iconic names. It led rounds for a number of startups that have had a transformative role in their industries, including , and . However, SoftBank also plowed capital into heavily hyped companies that have since shuttered or filed for bankruptcy, including , and .

This time around, Son is making his commitment during a period in which U.S. startup investment remains well below the 2021 peak. However, funding is off its lows, boosted in large part by investors鈥� embrace of artificial intelligence startups.

Trump, closing out the joint appearance, pushed Son to double his planned investment to $200 billion. Son did not promise to do so but also did not rule it out, saying he would 鈥渢ry to make it happen.鈥�

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Related reading:

• SoftBank鈥檚 Hits Are Iconic, But So Are Its Misses
• SoftBank May Slowly Be Starting To Play 鈥極ffense鈥� In AI Arms Race After Son鈥檚 Promise
• Global Funding Slowed In Q3, Even As AI Continued To Lead聽

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