Dubai property firm Damac Properties plans to invest $20B in data centers across the U.S., President-elect Donald J. Trump said on Tuesday during a news conference at his Mar-a-Lago resort. The ...

The investment by DAMAC Properties in the United Arab Emirates is intended to highlight Trump's personal ability to attract new money for big projects. The announcement follows a pledge made last ...

We can use initially our own financial resources, but then [in the] second phase we can use [a] third party’s money,” Sajwani ...

Hussain Sajwani, a longtime Trump ally, announced a multibillion-dollar investment amid growing U.S. demand for AI and crypto infrastructure.

The landmark investment will largely focus on large-scale development projects in the Middle East, particularly in the UAE ...

Ahead of his inauguration at the end of January, President-elect Donald Trump announced that Damac Properties, controlled by Emirati ...

OpenAI, Softbank and Oracle will join forces to create Stargate, a new company investing $500 billion in AI infrastructure.

President Donald Trump is announcing investments worth up to $500 billion for infrastructure tied to artificial intelligence ...

Stargate — the joint venture between OpenAI, Softbank and Oracle — is starting its AI infrastructure plans with 10 data ...

Dubai real estate developer Damac Properties will invest $20 billion in data centres across the United States, President-elect Donald Trump announced on Tuesday.

Tech companies have been racing o to set up data centers essential for powering generative artificial intelligence ...