Trump unveils $20 billion investment in American data centers

U.S. President-elect Donald Trump on Tuesday announced a $20 billion new investment to build data centers across the United States.

At a news conference at his home in Palm Beach, Florida, Trump said the investor is Emirati billionaire Hussain Sajwani, chairman of DAMAC properties.

Trump introduced Hussain Sajwani, chairman of DAMAC Properties, as “one of the most respected business leaders in the Middle East, indeed the world.”

Big technology companies have been racing over the past year to set up data centers essential for powering generative artificial intelligence applications such as OpenAI’s ChatGPT and Google Gemini, which require immense computing power. Microsoft said last week it would spend about $80 billion this fiscal year to ramp up its AI capacity. Overall, global spending on procurement and installation of mechanical and electrical systems for data centers is likely to exceed $250 billion by 2030, McKinsey estimates.

(This story has been refiled to drop extraneous words in paragraph 1)

—Steve Holland and Aditya Soni; writing by Doina Chiacu, Reuters

https://www.fastcompany.com/91256273/trump-20-billion-investment-data-centers?partner=rss&utm_source=rss&utm_medium=feed&utm_campaign=rss+fastcompany&utm_content=rss

Établi 4mo | 7 janv. 2025, 20:10:04


Connectez-vous pour ajouter un commentaire

Autres messages de ce groupe

‘Eating like a medieval peasant’: TikTok is eating up recession-era dining tips

“If this is your first time being poor, I’m Kiki, and I’m trying to make it affordable to eat by using depression, recession, and wartime recipes,” says TikTok creator Kiki Rough in a

1 mai 2025, 22:20:03 | Fast company - tech
Why AI companies keep raising the specter of sentience

The generative AI revolution has seen more leaps forward than missteps—but one clear stumble was the sycophantic smothering of OpenAI’s 4o large language model (LLM), which the ChatGPT maker

1 mai 2025, 17:40:05 | Fast company - tech
Trump’s war with universities could hurt AI progress in the U.S.

Welcome to AI DecodedFast Company’s weekly newsletter that breaks down the most important news in the world of AI. You can sign up to receive this newsletter ever

1 mai 2025, 17:40:02 | Fast company - tech
The ‘Caveman Method’ is the latest viral skincare technique. Experts say you should think twice

The cost of a multistep skincare routine can quickly add up. But have you ever wondered what would happen if you simply stopped?

This weekend, a TikTok creator went viral for discussing

1 mai 2025, 15:20:07 | Fast company - tech