Incoming White House press secretary Carolyn Leavitt weighs in on President-elect Trump’s investments in American industry, Mitt Romney’s recent supportive statements, and the influx of tech executives to Mar-a-Lago.
President-elect Donald Trump Softbank CEO Masayoshi Son announced a $100 billion investment in critical infrastructure and artificial intelligence on Monday, the new White House press secretary told FOX Business.
Carolyn Levitt, speaking on Varney & Company, called the investment “a huge win for Trump, and another example of Trump’s influence.”
“SoftBank’s CEO will be at Mar-a-Lago today. And you’ll hear from him and the president-elect in just two hours talking about this $100 billion investment in critical infrastructure.” And in artificial intelligence she said. “The SoftBank CEO also promises to create 100,000 new American jobs.
Levitt added: “This is President Trump fulfilling the promise he made to the American people during his election campaign that he would make the United States of America the world’s greatest industrial power.”
Former President Donald Trump, right, and Masayoshi Son, founder and CEO of SoftBank, participate in a groundbreaking ceremony for the $10 billion Foxconn factory complex on June 28, 2018 in Mount Pleasant, Wisconsin. (Scott Olson/Getty Images/Getty Images)
One of the people participating in the event held today at Mar-a-Lago He told the Wall Street Journal SoftBank – a Japan-based telecommunications and Internet services company – plans to complete the investments before Trump leaves office in 2029.
SoftBank currently has about $30 billion of cash on hand, so it is unclear how the financing commitment will be met, the newspaper reported.
Elon Musk and Vivek Ramaswamy point to achieving goals
President-elect Donald Trump, left, steps out with SoftBank Group Corp. founder and CEO Masayoshi Son to speak to members of the media in the lobby of Trump Tower in New York City in December 2016. (Jabin Botsford/The Washington Post via Getty Images/Getty Images)
The company previously launched the SoftBank Vision Fund — a $100 billion venture capital fund marked by failures Including office space company WeWork and construction-focused startup Katerra, according to the magazine.
Sun was quoted as saying in October that he believes computers will have human-level cognitive abilities within the next two or three years.
SoftBank’s Vision Fund invested in WeWork, the office-sharing company that filed for bankruptcy last year. (Robert Alexander/Getty Images)
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“The gold rush of intelligence has arrived. The one who goes fastest will win.” It is said that the son said At the SoftBank Global Conference 2024.
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