Japanese firm SoftBank plans to invest $100 billion in U.S., Trump announces

Japanese tech conglomerate SoftBank plans to invest $100 billion in the U.S. and create 100,000 jobs in artificial intelligence and technology, President-elect Donald Trump announced Monday at Mar-a-Lago alongside SoftBank CEO Masayoshi Son. 

"Today, I am thrilled to announce that SoftBank will be investing $100 billion America, creating 100,000 American jobs at a minimum," Trump said, adding that Son was announcing the investment "because he feels very optimistic about our country since the election."

The investment "will help insure that artificial intelligence, emerging technologies and other industries of tomorrow are built, created right here in the U.S.A.," Trump said.