President-elect Donald Trump and SoftBank CEO Masayoshi Son announced a $100 billion investment in America on Monday aimed at creating 100,000 new jobs.

Trump called the Mar-a-Lago investment after meeting Son there “a monumental show of confidence in America’s future.”

“Masa runs one of the largest companies in Japan and is one of the most successful investment and technology companies in the world, one of the most successful investors in the world. And we just concluded a very productive meeting,” Trump said. “And today I’m pleased to announce that SoftBank will invest $100 billion in America, creating at least 100,000 American jobs. And he’s doing this because he’s been very optimistic about our country since the election.”

“This historic investment is a monumental demonstration of confidence in America’s future. And it will help ensure that artificial intelligence, emerging technologies and other industries of tomorrow are built, created and developed here in the United States,” Trump added.

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U.S. President-elect Donald Trump delivers a speech alongside SoftBank Chairman and CEO Masayoshi Son at Mar-a-Lago in Palm Beach, Florida, on Monday, December 16. (Reuters/Brian Snyder / Reuters)

Trump also said: “We will not rest until America is richer, safer and stronger than ever before.”

Son said he was “very excited” about the investment.

“I would really like to celebrate President Trump’s great victory, and my confidence in the United States economy has increased tremendously as a result of his victory,” he added. “That’s why I’m now excited to bring this $100 billion and 100,000 jobs to the United States.”

Karoline Leavitt, the new White House press secretary, previously said on FOX Business’s “Varney & Company” that the investment was “a big win for Trump and another example of the Trump effect.”

“In doing so, President Trump is fulfilling the promise he made to the American people during his election campaign to make the United States of America the world’s manufacturing superpower,” Leavitt added.

President-elect Donald Trump (left) walks out with SoftBank Group Corp. founder and CEO Masayoshi Son to speak to members of the media in the lobby of Trump Tower in New York City in December 2016. (Jabin Botsford/The Washington Post via Getty Images / Getty Images)

A person involved in the announcement today at Mar-a-Lago told the Wall Street Journal that SoftBank plans to complete the investments before Trump leaves office in 2029.

The newspaper reported that SoftBank currently has a cash balance of around $30 billion, so it is unclear how the financing commitment will be fulfilled.

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According to the Journal, the company previously launched the SoftBank Vision Fund – a $100 billion venture capital fund that was marked by flops such as office space company WeWork and construction startup Katerra.

Son was quoted in October as saying he believes computers will have human-level cognitive capabilities within the next two to three years.

SoftBank’s Vision Fund invested in WeWork, an office-sharing company that filed for bankruptcy last year. (Robert Alexander/Getty Images)

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“A gold rush of information has arrived. Whoever is the fastest will win,” Son reportedly said at the SoftBank World 2024 conference.