In a joint appearance Monday morning, President-elect Donald Trump and Masayoshi Son, chairman and CEO of the Japanese technology conglomerate SoftBank Group, announced that the company would invest $100 billion in U.S. companies over the coming four years, saying that the infusion of cash would create 100,000 jobs in fields such as artificial intelligence. Son attributed the decision to make the investment directly to Trump’s win in last month’s presidential election. “I would really like to celebrate the great victory of President Trump,” Son said. “My confidence level [in] the economy of the United States has tremendously increased with his victory. So, because of that, I’m now excited to commit this 100 billion dollars and 100,000 jobs into the United States.” In introducing Son, Trump pointed out that eight years ago, after Trump’s victory in the 2016 election, SoftBank had made a similar pledge, promising $50 billion in U.S. investments and 50,000 new jobs. “And they did,” Trump said. “They kept that promise in every way, shape and form.” The president-elect then went on to press Son to double his pledge, saying “I’m going to ask him right now. Would you make it $200 billion?” Son reiterated his promise of $100 billion, but said he would “try” to get to $200 billion. “All right. $200 billion,” Trump said. Son burst into laughter, telling the crowd Trump is “a great negotiator.” ‘Trump effect’ After the announcement Monday, Trump’s rapid response director, Jake Schneider, sent media outlets an email attributing the announcement to what he called the “Trump Effect.” “President Trump is already delivering on his commitment to re-make America into the world’s manufacturing superpower once again — and he hasn’t even taken office yet,” Schneider wrote. “It’s all centered around his Made in America agenda, which incentivizes companies that make their products in America with American workers.” He added, “In January, President Trump will immediately begin implementing bold reforms to restore the nation to full prosperity and make sure AI, emerging technologies, and the other industries of tomorrow are created, built, and grown in the United States.” Hits and misses Since founding SoftBank in 1981 at age 24, Son has become one of the most storied — and controversial — technology investors in the world. The company has several investment funds and owns significant shares of hundreds of companies across multiple fields, including telecommunication, robotics, internet services, e-commerce, artificial intelligence and … “Trump, SoftBank CEO announce $100 billion investment in US” →