Trump announces $20 billion AI data center deal
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On Tuesday, at his Florida estate Mar-a-Lago, president Donald Trump announced a $20 billion deal with Damac Group’s Hussain Sajwani to build state-of-the-art AI data centers across America. Trump wasted no time hyping up the announcement. The project’s first phase targets eight states: Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana. These AI-powered data hubs, according to Trump, will put America at the top of the global tech ladder. “This is how we stay on the cutting edge of artificial intelligence and advanced technology,” Trump said, standing in front of cameras at his luxury resort. What $20 billion buys Sajwani said, “We’re planning to invest $20 billion, maybe even more if the market allows.” The hubs will handle everything from powering advanced machine learning systems to crunching massive datasets for industries ranging from healthcare to self-driving cars. But the deal wasn’t just about the cash. Trump promised to cut red tape, fast-tracking the permitting and environmental approvals to get these projects moving. He claimed his return to power has inspired foreign investors like Sajwani to pump money into the U.S. economy. Trump is already pointing to this deal as evidence of the “economic revolution” he promised during his campaign. This isn’t the first tech megadeal the president has closed since winning the election. In December, he stood shoulder-to-shoulder with SoftBank’s CEO, Masayoshi Son, to announce a mind-blowing $100 billion investment plan over the next four years. Trump’s message was clear: under his leadership, America will become the ultimate destination for tech and innovation. His economic playbook is basically, slash corporate taxes, roll back regulations, and push foreign companies to build on American soil. Trump’s hardline approach—using tariffs to protect U.S. industries and threatening penalties on companies that manufacture overseas—is scaring some business leaders. But others, like Sajwani and Son,…
Filed under: News - @ January 8, 2025 9:18 am