Trump announces $20 billion investment in US data centres

Full Article
Trump announces $20 billion investment in US data centres

U.S. President-elect Donald Trump has unveiled a significant $20 billion investment aimed at establishing data centers across the United States. This initiative is backed by Emirati billionaire Hussain Sajwani, chairman of DAMAC Properties, who is recognized as a leading business figure in the Middle East. The investment comes at a time when major tech companies are rapidly expanding their data center capabilities to support generative artificial intelligence applications.

The race to build data centers is driven by the increasing demand for computing power necessary for AI technologies like OpenAI's ChatGPT and Google Gemini. Microsoft has also announced plans to invest approximately $80 billion this fiscal year to enhance its AI infrastructure. According to McKinsey, global spending on data center systems is projected to surpass $250 billion by 2030, highlighting the growing importance of AI in the tech landscape.

• Trump's $20 billion investment targets US data centers for AI applications.

• Microsoft plans to invest $80 billion to enhance AI capabilities this fiscal year.

Key AI Terms Mentioned in this Article

Generative Artificial Intelligence

Generative AI refers to algorithms that can create new content, such as text or images, based on input data.

Data Centers

Data centers are facilities used to house computer systems and associated components, crucial for AI processing.

Computing Power

Computing power is the capacity of a computer to process data, essential for running complex AI models.

Companies Mentioned in this Article

OpenAI

OpenAI develops advanced AI technologies, including ChatGPT, which require substantial data center resources.

Google

Google is a leader in AI development, with projects like Google Gemini that depend on robust data center infrastructure.

Get Email Alerts for AI News

By creating an email alert, you agree to AIleap's Terms of Service and Privacy Policy. You can pause or unsubscribe from email alerts at any time.

Latest Articles

Alphabet's AI drug discovery platform Isomorphic Labs raises $600M from Thrive
TechCrunch 3month

Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600

AI In Education - Up-level Your Teaching With AI By Cloning Yourself
Forbes 3month

How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.

Trump's Third Term - How AI Can Help To Overthrow The US Government
Forbes 3month

Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.

Sam Altman Says OpenAI Will Release an 'Open Weight' AI Model This Summer
Wired 3month

Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.

Popular Topics