Trump Blurs Lines in $20 Billion Data Center Announcement and Other Deals
Even before the start of the new administration, there has been repeated blurring of lines between the federal government efforts and Trump family businesses.
Read more at The New York Times
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Trump announces 'Stargate' AI infrastructure project with 'colossal data centers'
President Trump is joined by Larry Ellison, Masayoshi Son and Sam Altman to announce a new American company that will invest $500 billion in AI infrastructure.NBC News - 3d -
Trump announces $500 billion investment in 'colossal' AI data centers
The 47th president is meeting with congressional leaders this afternoon and plans to deliver remarks from the White House later today.NBC News - 3d -
Who Is Hussain Sajwani, the Developer Behind Trump’s $20 Billion Data Center Pledge?
Hussain Sajwani, the founder and chairman of DAMAC Properties of Dubai, built the first Trump-branded golf course in the Middle East a decade ago.The New York Times - Jan. 8 -
Trump announces Dubai company will invest at least $20 billion in U.S. data centers
DAMAC Properties is the latest foreign investor to announce plans for the U.S. since Donald Trump's victory.CBS News - Jan. 7 -
Trump announces $20 billion foreign investment to build new U.S. data centers
Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging the money.CNBC - Jan. 7 -
Business leaders court Trump as UAE billionaire promises to spend $20 billion on U.S. data centers
President-elect Donald Trump drew another expression of support on Tuesday, as a billionaire businessman from the United Arab Emirates, Hussain Sajwani, promised to spend at least $20 billion in ...MarketWatch - Jan. 7 -
Microsoft expects to spend $80 billion on AI-enabled data centers in fiscal 2025
Over half of Microsoft's $80 billion in spending will take place in the U.S., Microsoft Vice Chair and President Brad Smith wrote in a Friday blog post.CNBC - Jan. 4 -
Microsoft expects to spend $80 billion on AI-enabled data centers over next 12 months
Microsoft plans to spend $80 billion in fiscal 2025 on the construction of data centers that can handle artificial intelligence workloads, the company said in a Friday blog post.NBC News - Jan. 3
More from The New York Times
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Howard Lutnick, Trump’s Commerce Nominee, Discloses Business Interests
Howard Lutnick disclosed details of complex financial interests, holding at least $800 million in assets.The New York Times - 13h -
Existing-Home Sales in 2024 Were Slowest in Decades Amid High Mortgage Rates
The market perked up late in the year when interest rates eased, but affordability challenges yielded the fewest transactions since 1995.The New York Times - 9h -
How to Invest During a Presidency With a Deep Devotion to Profits
Big business has an inside track in the second Trump presidency, and people with a stake in those businesses have reason to rejoice, our columnist writes.The New York Times - 12h -
The House oversight committee will investigate Republican complaints about banks.
Venture capital and cryptocurrency companies have claimed that they are subject to politically motivated discrimination, though the banks firmly deny that.The New York Times - 12h -
TikTok Ban and Trump Executive Order Lead to Tech Company Dilemma
The federal law banning TikTok has revealed a major schism among American tech companies: Some are willing to flout the law — and some, including Apple and Google, are not.The New York Times - 14h
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