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UAE company to invest $20B in U.S. AI data centers
A United Arab Emirates investment firm has pledged $20 billion to build new data centers targeting AI across a number of locations across the United States. Billionaire Hussain Sajwani, CEO and founder of the property development company DAMAC Properties in Dubai, made the announcement at president-elect Donald Trump’s Florida home, Mar-a-Lago. Sajwani is a close friend of Trump, according to news reports. Trump said the first phase of the planned investment will take place in…
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