Trump and Hussain Sajwani, chairman of Dubai developer DAMAC, announced a $20 billion investment in US infrastructure, potentially exceeding that amount depending on market opportunities. The announcement comes as Trump emphasizes bolstering domestic industries and imposing higher tariffs on Chinese goods, aiming to limit China's access to advanced data center chips.
Sajwani, known for his Middle Eastern business ventures including the Trump-branded golf course in Dubai, made the announcement at Trump's Mar-a-Lago residence. This investment echoes Trump's previous promises of economic growth, though past initiatives haven't always materialized. The move coincides with a surge in investment in generative AI technology and the infrastructure it requires, driven by the release of OpenAI's ChatGPT. Microsoft, for instance, pledged to invest $80 billion in its AI capacity this year. Additionally, the Biden administration has tightened restrictions on exporting crucial AI chips to China, a trend that Trump appears to be continuing with his administration's appointments
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