President-elect Donald Trump is soon to be back in office — and grandiose commitments from CEOs sure look poised to return, too.
In a Monday briefing alongside SoftBank CEO Masayoshi Son, Trump announced the company’s commitment to invest $100 billion in US projects during his second term, with the promise of creating 100,000 new jobs. According to Trump, the new investments by SoftBank, a Japanese tech and telecom company, will focus on artificial intelligence and emerging technologies.
If that vow sounds familiar, it’s because Son offered a similar commitment after Trump’s first presidential win in 2016, when Son pledged a $50 billion investment and the creation of 50,000 new jobs. But while SoftBank does seem to have followed through on its investment promise, it’s “unclear” that the jobs followed — a reminder that splashy announcements like Son’s latest should not necessarily be taken as iron-clad guarantees.
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