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

Trump, speaking at Mar-a-Lago after meeting Son there, called the investment a "tremendous demonstration of confidence in America's future."

"Time runs one of the largest companies in Japan and among the most successful investment and technology companies anywhere 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 very excited to announce that SoftBank is going to invest $100 billion in America, creating 100,000 American jobs at least. And he's doing this because he feels 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 it artificial intelligence, emerging technologies and other industries of the future are built, created and developed here in the US," Trump added.

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US President-elect Donald Trump delivers a speech next to SoftBank Chairman and CEO Masayoshi Son, at Mar-a-Lago in Palm Beach, Fla., on Monday, Dec. 16. (Reuters/Brian Snyder/Reuters)

Trump also said "we will not rest until America is richer, safer and stronger than ever."

Son said he was "very excited" about the investment.

"I really want to celebrate President Trump's big win, and my level of confidence in the United States economy has increased tremendously with his victory," he added. "So because of that, I'm now excited to give this $100 billion and 100,000 jobs to the United States."

Karoline Leavitt, the incoming White House press secretary, said earlier on FOX Business' "Varney & Company" that the investment was "a huge win for Trump, and it's another example of the Trump effect."

"This is President Trump delivering on the promise he made to the American people on the campaign trail that he would make the United States 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)

Someone involved with today's announcement at Mar-a-Lago told The Wall Street Journal that SoftBank plans to complete the investment before Trump leaves office in 2029.

The newspaper reported that SoftBank currently has about $30 billion in cash on hand, so it's unclear how the funding commitment will be met.

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The company previously launched the SoftBank Vision Fund - a $100 billion venture capital fund marked by failure. including office space company WeWork and construction-focused startup Katerra, according to the Journal.

Son was quoted as saying in October that he believed computers would have human-level cognitive abilities 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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"The golden genius has arrived. The one who goes the fastest wins," Anak reportedly said at the SoftBank World 2024 conference.