President Trump announced that billionaire founder of DAMAC Properties, Hussain Sajwani, will be investing $20 billion in new U.S. datacenters that will be used to operate high speed artificial intelligence (AI) systems. Noting, “at least $20 billion over a very short period of time.” Trump suggested that number could double, and that the company’s founder was inspired by his election victory.
The data centers will be used for AI, and the initial phase will be in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana. Mr Sajwani confirmed during the press remarks that it was the election of President Trump that cemented the idea to build the massive data centers.
This investment appears to align with the AI interests of Silicon Valley entrepreneurs who were big boosters in the final weeks of the campaign. Following the announcement President Trump took questions from the press pool. WATCH:
Hussain Sajwani, has long-standing ties to President Donald Trump. His business, DAMAC Properties, worked with the Trump Organization on a Trump golf course in Dubai. Mr Sajwani and Elon Musk joined President Trump for the New Year celebration in Mar-a-Lago.






