Tech companies have been racing o 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.

Donald Trump announced a $20 billion investment by Emirati billionaire Hussain Sajwani to build data centers in the U.S. The move aligns with the tech industry's race to enhance AI capabilities. Global spending on data centers is projected to exceed $250 billion by 2030.

President-elect Donald Trump announced a $20 billion investment to build data centres across the US, backed by Emirati billionaire Hussain Sajwani, chairman of DAMAC Properties. This investment supports the rapid establishment of data centres critical for generative AI applications,

U.S. President-elect Donald Trump on Tuesday announced a $20 billion new investment to build data centers across the United States, a source familiar with the matter told Reuters. At a news conference at his home in Palm Beach,

Dubai developer DAMAC Properties will invest at least $20 billion "over a very short period of time" in the U.S., primarily in data centers in the middle of the country, President-elect Donald Trump announced Tuesday,

President-elect Donald Trump on Tuesday announced that a company from the UAE will invest $20 billion to build data centers in the U.S., primarily in the Midwest and Sun Belt.