President-elect Donald Trump announced a $20 billion investment plan to construct data centers across the US, emphasizing the growing demand for infrastructure supporting AI technologies.
Trump described Hussain Sajwani, chairman of DAMAC Properties, as 'one of the most respected business leaders in the Middle East, indeed the world,' highlighting network ties influencing this investment.
As big tech companies accelerate their investments in AI, global spending on data center infrastructure is expected to surpass $250 billion by 2030, according to McKinsey.
Firms like Microsoft are leading the charge in AI expansion, with plans for an $80 billion investment this fiscal year alone to enhance their computing capabilities.
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