President-elect Donald Trump and SoftBank CEO Masayoshi Son unveiled a massive $100 billion investment in the United States on Monday, which is intended at generating at least 100,000 new jobs. The announcement came after a productive meeting between the two leaders at Trump’s Mar-a-Lago resort.

“This historic investment is a monumental demonstration of confidence in America’s future,” Trump declared. He emphasized SoftBank’s commitment to bolstering emerging technologies, such as artificial intelligence, in the U.S. “Masa runs one of the largest and most successful technology companies in the world. And today, I’m thrilled to announce that SoftBank will invest this significant amount because of the optimism they feel about our country following the election,” Trump added.

Son expressed his enthusiasm for the initiative, saying, “I would really like to celebrate the great victory of President Trump. My confidence in the U.S. economy has tremendously increased with his victory.” He reiterated his commitment to the investment, stating he was “excited” to create 100,000 jobs in the United States.

Karoline Leavitt, incoming White House press secretary, hailed the investment as a significant win for Trump, calling it an example of the “Trump effect.” She noted that it fulfills Trump’s campaign promise to make the U.S. the manufacturing superpower of the world.

The investment follows SoftBank’s previous ventures, including the $100 billion SoftBank Vision Fund, which faced challenges with high-profile investments like WeWork and Katerra. Son also expressed his belief in the swift advancement of technology, suggesting that computers could achieve human-level cognitive abilities within the next few years.

As discussions of technology leaders requesting face time with Trump continue, the $100 billion announcement marks a pivotal moment for both the incoming administration and the future of technology investment in the United States.