In a post-certification address, President-elect Donald Trump announced a groundbreaking $20 billion investment to build data centers across the United States. The initiative is spearheaded by Emirati billionaire Hussain Sajwani, chairman of DAMAC Properties, whom Trump praised as a visionary business leader.
The investment aligns with a global surge in demand for advanced AI infrastructure. Companies like Microsoft and Google are ramping up efforts, with Microsoft committing $80 billion this fiscal year to expand AI capacity. Global spending on data centers is projected to surpass $250 billion by 2030, according to McKinsey.
Trump’s announcement underscores his administration’s focus on economic growth and innovation, framing the data center expansion as a win for American jobs and technological leadership. The move also highlights the increasing importance of international partnerships in driving U.S. technological advancements.
With AI applications like OpenAI’s ChatGPT and Google Gemini driving demand, this $20 billion boost positions the U.S. as a hub for cutting-edge AI development. The collaboration with Sajwani signals a commitment to fostering global ties to strengthen the nation’s tech industry.
This development marks a significant stride toward ensuring America’s competitive edge in the digital age.