In a major boost to the U.S. economy, President-elect Donald Trump unveiled a $100 billion investment commitment from SoftBank Group.

At a press event at Mar-a-Lago, Trump announced this significant investment, expected to generate at least 100,000 American jobs in artificial intelligence, Mail Online reported.

During his first media event since winning reelection, alongside his pick for Treasury Secretary, Howard Lutnick, Trump detailed the investment plans. The announcement, held on Monday at his Mar-a-Lago estate, was a significant stride in fulfilling his economic promises.

SoftBank's CEO, Masayoshi Son, stood next to Trump, endorsing the massive financial pledge. Son expressed optimism about the U.S. economic climate under Trump's upcoming second term.

The $100 billion, which targets AI and related infrastructure sectors, is slated for completion within Trump's four-year term, symbolizing a rapid development phase for American technology and job creation.

Trump Urges Doubling SoftBank Investment

Amid discussions, Trump proposed an increase of the initial investment amount to $200 billion. He directly asked Son if SoftBank could elevate their commitment, highlighting Trump's ambitious economic agenda.

"I'm going to ask him right now, would you make it $200 billion?" Trump questioned during the announcement, pushing for an even larger investment.

In response, Son showed a willingness to consider this substantial increase. "With your leadership, my partnership with you, with your support, I will try to make it up to $200 billion," Son committed, reflecting potential future expansions.

Expedited Approvals for Major Investors

Trump also emphasized regulatory reforms aimed at facilitating such large-scale investments. He promised to expedite approvals and permits for any entity investing over $1 billion, particularly focusing on environmental clearances.

On Truth Social, Trump assured, "Any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals."

He concluded his post with a rallying call: "GET READY TO ROCK!!!" echoing his administration's proactive stance on economic revitalization.

Addressing Inflation and High Costs

In a recent interview with Time magazine, Trump acknowledged the ongoing challenges with high grocery prices, a critical voter concern post-COVID. He criticized the Biden-Harris administration for their inability to control inflation.

"I don't think so. Look, they got them up," Trump remarked about food prices, emphasizing the difficulty in reducing them once they have escalated. "I'd like to bring them down. It's hard to bring things down once they're up. You know, it's very hard," he continued.

Meanwhile, the Biden administration focused on reducing costs in other sectors, such as prescription drugs and junk fees, though public dissatisfaction regarding food and fuel prices persisted.

Bipartisan Support for Regulatory Reforms

Jared Bernstein, an economic advisor to Biden, recognized the potential for bipartisan cooperation on reducing regulatory burdens. He acknowledged Trump's efforts to streamline processes but cautioned against hastily removing important safeguards.

"We've had tremendous foreign direct investment, and yes, we've definitely tried to make - clean the brush out - to help diminish the burden for permitting and things like that and there's more to do in that space," Bernstein stated.

He further added, "And I think there are members of Congress - that is I believe a bipartisan issue that we could be working on. So if the Trump team is serious about trying to clear some of that brush, sure but one thing I hear too often from him and them is without regard for any impact of some of the guardrails that are there for a reason," highlighting the need for thoughtful regulatory adjustments.