Japanese telecom SoftBank says company will bring $50 billion and 50,000 jobs to U.S. after CEO meeting with Trump

Masayoshi Son, the CEO of Japanese telecom SoftBank, announced Tuesday that his company will be investing $50 billion and bringing 50,000 jobs to the US after a meeting with President-elect Donald Trump.

According to the Wall Street Journal, Son told reporters waiting at Trump Tower that the investment would come from a $100 billion fund created in partnership with the Saudi Arabia sovereign wealth fund and other investors.

Details on what sort of businesses the fund will invest in or the jobs created were not announced, but Son did show reporters a PowerPoint slide signed by Trump and Son with the vague numbers.