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this the number of CEOs visiting the president-elect continues to grow Sarah is here with some news this morning on soft Bank morning Sarah good morning guys so yes we've learned according to sources familiar with the matter that masaan the SE of SoftBank is at maral Lago today and he and the president-elect are going to be out with a huge announcement this morning that Masa will commit to investing a hundred billion doll in the United States between now and 2020 9 the end of President Trump's term and that he is also pledging to create jobs 100,000 jobs with this announcement this may sound a little familiar to you because back in 2016 Masa sun went to Trump Tower and he pledged half of that $50 billion investment with 50,000 jobs to be created in the United States that was at the time where he was raising money and had just created the vision fund and so that money did get fulfilled in terms of investments in the United States in hundreds of company Investments that the vision fund made including of course we work didn't turn out so well um but ultimately he can say promise fulfilled on that one this one much more ambitious so I've learned that we can expect this announcement come later this morning and it's obviously a big deal for president Trump who's trying to create investment Sarah is um he wants money coming in and jobs being created through typically I think in his mind manufacturing you know people making things in factories um or or maybe at companies I I just wonder you you reference the 50 billion that was invested from the vision fund into many private companies yep eight nine years ago or over the that period of time it's I I don't know how many jobs that created it's hard to calculate how many jobs is it going to be the same thing this time not necessarily so what I've learned is this one is going to be really focused on AI because we know Masa has been very public lately about how bullish he is on AI and from what I understand it could also come in the form of capital Investments around AI infrastructure than data centers chips energy production what's needed around AI to build in this country so that's more along the lines of what you said president-elect Trump probably would be interested in but this President is a lot more focused I would say on technology and AI certainly than he was last time around he's got David Sachs as the zar on AI and crypto he's now met or will meet with a lot of the big CEOs in technology so I feel like this announcement actually around AI is very much on par with what the president elect is thinking about and hearing about from suppor definitely been you know I don't do you see those comments Mark andreon about the prev the the Biden Administration and their approach to Ai and how different it's going to be he seemed very frustrated with that although I would point out Data Centers do not employ many people building them you get some people but ultimately when they're up and running they Capital intensive so they a lot of investment yes a lot of investment not a lot of jobs the most money in the world this is 100,000 jobs though right 100,000 jobs along with yeah hundred billion dollars which is a very large number do one area of the economy we do not need money for is AI everyone's throwing money at AI they are I mean look we need semi if we want to especially Intel needs money uh they don't have the money to do what they're doing now I know that's part of it yeah and then that would terrific to fulfill that desire would be great rather have private than public money in that public money found its way into Intel it's true and we know that you know they've committed for for instance to investing in open AI this could obviously be part of that investment they have arm which there could be Investments of obviously in the chipmaker as well as part of that but but the reason I think it's politically so good and important not just is it investment in the United States which Trump himself has been soliciting and is a sign of faith and in that message but also keeping AI in the leadership hands of the United States I'm glad you had the story I'm very glad you broke the although don't you wonder whether they would have invested it anyway and it's just a good opportunity we don't know what the prior Benchmark was you know how this goes this is I mean he's got the vision fund this is where you invest it because frankly there are very few there are a handful but very few other places where you can invest in but now get in the good graces of the president don't forget the arm the armed Qualcomm lawsuit starts today yes that's actually a good point Qualcomm Qualcomm loses nice to meet you
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