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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.
Generative AI refers to algorithms that can create new content, such as text or images, based on input data.
Data centers are facilities used to house computer systems and associated components, crucial for AI processing.
Computing power is the capacity of a computer to process data, essential for running complex AI models.
OpenAI develops advanced AI technologies, including ChatGPT, which require substantial data center resources.
Google is a leader in AI development, with projects like Google Gemini that depend on robust data center infrastructure.
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