https://www.wsj.com/finance/softbank-ceo-trump-deal-ca0d3ab3?mod=hp_lead_pos10
Tech investing heavyweight Masayoshi Son offered a gift to President-elect Donald Trump: a pledge to spend $100 billion on artificial intelligence and related technology in the U.S.
“President Trump is a double-down president,” he said Monday, standing next to Trump at a Mar-a-Lago press conference—a reference to how his commitment was twice the $50 billion he pledged at a similar event eight years ago.
Left unmentioned: Son, the chief executive of tech conglomerate SoftBank Group 9984 4.42%increase; green up pointing triangle, doesn’t have $100 billion. Following through will require Son to embark on some combination of a massive fundraising effort, a huge amount of new debt or selling chunks of the company’s holdings to raise cash.
As a comparitor, As of December 2024 NVIDIA has a market cap of £2.547 Trillion.
ReplyDeleteSoftBank had previously bought a British chip company for around £30bn.
The point being this is the leading edge of technology.and it's the kind of industry they invest in.