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The Trump administration announced a wide array of new deals on Thursday. Despite the overall upbeat sentiment from White House sources, most deals appear to have already existed or been in the works prior to January. The specific dollar amounts of the announced deals, and how they were calculated, remains unclear. Staff from the Trump administration have been hard at work on Thursday, pushing a raft of announcements on a wide range of investment projects with the United Arab Emirates (UAE) that President Trump has been pursuing hard since taking office in January. As is usual for announcements from several faces of the White House team, specific details remain thin, and it remains unclear what kind of timeline these announced projects are expected to take, or how they’ll even be accomplished. According to the US Commerce Department, the United Arab Emirates and the US government have agreed on an “AI acceleration partnership agreement”. This comes hot on the heels of a freshly-inked deal between OpenAI, the maker of ChatGPT, and the Saudi government to begin building and operating large-scale data centers in Saudi Arabia, overseen by the new AI investment arm of the Saudi sovereign wealth fund, dubbed Humain. Humain is overseen by Saudi Crown Prince Mohammad bin Salman, who also oversees the Neom project to build a ‘linear smart city’, which was initially expected to be 200 meters wide and 170 kilometers long. A lot of deals announced, but new benefits to US economy not immediately clear The White House also re-announced that President Trump had ‘secured’ nearly $200B in US-UAE deals, but it remains unclear what the specifics of these deals are related to. It was also announced that Donald Trump had ‘accelerated’ the UAE’s recent agreement to invest 1.4T in the US economy over ten years. Taking…

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Filed under: News - @ May 16, 2025 12:27 am