Space Industry and Business News
TECH SPACE
 Trump announces $20 bn Emirati investment in US data centers
Trump announces $20 bn Emirati investment in US data centers
 by AFP Staff Writers
 Palm Beach, United States (AFP) Jan 7, 2025

Donald Trump on Tuesday unveiled a $20 billion Emirati investment in US data centers, as he sought to boost his claims of attracting new economic support before he becomes president.

"The investment will support massive new data centers across the Midwest, the Sun Belt area, and also to keep America on the cutting edge of technology," Trump told reporters at his Mar-a-Lago resort in Florida.

"Artificial intelligence is very big into the data centers, and that's going to be a very hot item in the coming years."

Trump said the arrangement was with DAMAC Properties, with which he has a longstanding business relationship, including a golf course in Dubai.

Hussain Sajwani, the chairman of DAMAC, has been a close partner to the Trump family, and stood by the president-elect after the attack on the Capitol in 2021, when other businesses turned away.

The latest advancements in artificial intelligence have created a huge need for data centers, with big tech companies spending massively to build new infrastructure around the globe.

Related Links
 Space Technology News - Applications and Research

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TECH SPACE
Microsoft expects to spend $80 bn on AI this fiscal year
 San Francisco (AFP) Jan 3, 2025
 Microsoft president Brad Smith on Friday said the company is on track to pump about $80 billion into artificial intelligence (AI) this fiscal year. Smith contended AI is poised to transform all aspects of life, and it is imperative that the United States be the global leader when it comes to the technology, he wrote in an online post. "In many ways, artificial intelligence is the electricity of our age, and the next four years can build a foundation for America's economic success for the next qu ... read more
TECH SPACE
Trump announces $20 bn Emirati investment in US data centers

 Transforming education with virtual reality and artificial intelligence

 New method turns e-waste to gold

 Microsoft expects to spend $80 bn on AI this fiscal year
TECH SPACE
Quadsat and NATO NCIA validate Quadsat system for WGS compliance testing

 ESA to support development of secure EU communications satellite constellation

 IRIS2 contract signed to strengthen Europe's space connectivity and security

 SpaceRISE to develop and operate Europe's IRIS2 connectivity network under new EU contract
TECH SPACE
TECH SPACE
SpaceX launches Space Force Rapid Response Trailblazer

 GPS alternative for drone navigation leverages celestial data

 Deciphering city navigation AI advances GNSS error detection

 China advances next-generation BeiDou satellite navigation system
TECH SPACE
South Korea begins lifting Jeju Air wreckage after fatal crash

 Black box of Azerbaijan crashed plane sent to Brazil for investigation: authorities

 Several airlines cancel flights to Russia after Azerbaijan Airlines crash

 Airbus US Space and Defense partners with Aerostar to advance stratospheric ISR technologies
TECH SPACE
New nanocrystals offer potential for faster energy-efficient computing

 Integrated spin wave storage advances quantum networks

 Grapes enhance quantum sensor performance

 Rice team advances quantum simulation for electron transfer understanding
TECH SPACE
ICEYE secures $65M funding extension reaching $158M total for 2024 investments

 Introducing Wherobots Raster Inference to unleash innovation with Earth imagery

 Earth AI unveils new gold discovery near molybdenum project at Willow Glen

 Changes in store for atmospheric rivers
TECH SPACE
Hazardous cargo ship represents 'no danger' to I. Coast, says port

 Thousand people march against air pollution in Skopje

 Russia says oil spill 'critical' as Crimea declares emergency

 Russian scientists criticise oil spill cleanup; Oil leak in Peru tourist zone triggers 'environmental emergency'
Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.