Donald Trump’s efforts to become “the greatest jobs president that God ever created,” or at least to maintain the illusion of fighting for U.S. jobs, continues. On Tuesday, the president-elect met with Japanese billionaire Masayoshi Son, the founder and C.E.O. of SoftBank, at Trump Tower in New York to announce a major new investment. “Masa (SoftBank) of Japan has agreed to invest $50 billion in the U.S. toward businesses and 50,000 new jobs,” Trump tweeted. “Masa said he would never do this had we (Trump) not won the election!”

As usual, Trump glossed over a few key details. The $50 billion that Son has agreed to invest will actually come from a previously announced $100 billion investment fund set up with cooperation from Saudi Arabia, half of which was likely to be invested in the U.S. anyway. Son, himself something of a celebrity showman in Japan, also has his own financial interests in buttering up Trump. SoftBank, which owns Sprint, has long sought a merger deal in the U.S. between Sprint and T-Mobile, but was stymied by the Obama administration. Son is presumably hoping the Trump administration will be more amenable. (Shares of Sprint and T-Mobile both jumped on the news.)

Trump’s announcement that the deal will create 50,000 U.S. jobs is also suspect, and neither he nor Son divulged any details. As Quartz points out, the SoftBank Vision Fund is actually interested in initiatives that will ultimately quicken technological advancements, like automation, that eliminate human jobs. In its most recent earnings report, SoftBank talks about wanting to improve artificial intelligence over the next five years, envisioning a world where “all industries will be redefined,” and the “future becomes predictable” and “without accidents.”

SoftBank’s November earnings report also specifically mentions the Singularity, an event defined by futurists as a tipping point in history when artificial intelligence surpasses human intelligence. The end result, as Son himself has explained, will be to replace human labor with artificial intelligence. “Within 40 years, in every aspect of every industry—doctors, lawyers, designs, etc.—I’m expecting artificial intelligence will exceed the wisdom of human beings,” Son said at an investor’s meeting in June, according to Quartz. “That super intelligence is going to be installed in robots and will act by itself under its own will. They will exceed key people in small and large firms… Sometimes they can be smarter or brighter, so sometimes we should follow what they say.”

In other words, SoftBank’s flashy new investment isn’t a boon for U.S. jobs as much as it may be for the nascent A.I. industry. Nor is Son the only tech visionary planning for a world with fewer human workers. Amazon is already moving ahead with plans to build cashier-free grocery stores, while Uber has begun replacing human truck drivers with autonomous technology—both developments with the potential to displace millions of workers. Perhaps Donald Trump’s supporters—who cheered his attacks on trade deals he argues are to blame for stagnant incomes in the U.S.—should look closer at the technological advancements that are the true source of their economic anxiety. The real bogeyman isn’t international trade, it’s the Japanese billionaire shaking hands with Donald Trump.