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 Trump announces $20 bn Emirati investment in US data centers
Trump announces $20 bn Emirati investment in US data centers
 by AFP Staff Writers
 Palm Beach, United States (AFP) Jan 7, 2025
 Donald Trump on Tuesday unveiled a $20 billion Emirati investment in US data centers, as he sought to boost his claims of attracting new economic support before he becomes president.

"The investment will support massive new data centers across the Midwest, the Sun Belt area, and also to keep America on the cutting edge of technology," Trump told reporters at his Mar-a-Lago resort in Florida.

"Artificial intelligence is very big into the data centers, and that's going to be a very hot item in the coming years."

Trump said the arrangement was with DAMAC Properties, with which he has a longstanding business relationship, including a golf course in Dubai.

Hussain Sajwani, the chairman of DAMAC, has been a close partner to the Trump family, and stood by the president-elect after the attack on the Capitol in 2021, when other businesses turned away.

The latest advancements in artificial intelligence have created a huge need for data centers, with big tech companies spending massively to build new infrastructure around the globe.

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Microsoft expects to spend $80 bn on AI this fiscal year
 San Francisco (AFP) Jan 3, 2025
 Microsoft president Brad Smith on Friday said the company is on track to pump about $80 billion into artificial intelligence (AI) this fiscal year. Smith contended AI is poised to transform all aspects of life, and it is imperative that the United States be the global leader when it comes to the technology, he wrote in an online post. "In many ways, artificial intelligence is the electricity of our age, and the next four years can build a foundation for America's economic success for the next qu ... read more
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