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SoftBank makes $100m bet on Miami as next US tech hub

Conglomerate ready to spend again after recent wins led by DoorDash IPO

"We couldn't not be part of" the shift to Miami, SoftBank Group Chief Operating Officer Marcelo Claure said Jan. 28. (Photo courtesy of Valerie Abbott/ucumari photography)

NEW YORK -- SoftBank Group will invest $100 million in Miami startups, Chief Operating Officer Marcelo Claure said Thursday, amid talk of the Florida city as the next American technology hub.

"We couldn't not be part of it," Claure, who is also CEO of SoftBank Group International, said at Bloomberg's The Year Ahead 2021 conference after first unveiling the investment plans with Miami Mayor Francis Suarez on Twitter live.

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