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Bloomberg Technology
Softbank's $100B Pledge
Dec 16, 2024
In this engaging conversation, former President Donald Trump shares insights from his press conference about SoftBank's ambitious $100 billion pledge aimed at job creation in the U.S. Denise Chisholm, Director of Quantitative Market Strategy at Fidelity, discusses current tech market trends and how these investments could shift the landscape for AI and autonomous driving. The duo also examines Bitcoin's soaring potential and the energy demands as businesses adapt to a rapidly evolving technological future.
49:06
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Quick takeaways
- SoftBank's $100 billion investment underscores confidence in the U.S. economy and aims to create around 100,000 jobs over four years.
- Bitcoin's record surge, driven by MicroStrategy's Nasdaq inclusion, signals a growing institutional acceptance and interest in cryptocurrency investments.
Deep dives
SoftBank's Massive Investment Plans
SoftBank's CEO Masayoshi Son has announced plans to invest $100 billion in the United States over the next four years, aiming to create approximately 100,000 jobs. This commitment doubles his previous pledge made in 2016, where he promised a $50 billion investment, which he largely delivered on. The new investment is seen as a significant endorsement of the U.S. economy under the incoming administration of President-elect Donald Trump, reflecting optimism about economic growth. Additionally, these funds will likely focus on sectors such as artificial intelligence (AI) and energy, marking a strategic move to reinforce the tech industry in the U.S.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode