Trump announces $20 billion investment in artificial intelligence

President-elect Donald Trump announced another major foreign investment into the country's economy from his Florida home Tuesday morning.

Trump introduced Hussain Sajwani, the founder and chairman of DAMAC Properties, after announcing that the Middle East company is investing $20 billion to build data centers for the AI and cloud business across the U.S.

According to the incoming president, the data centers will be located across the Midwest and the Sun Belt area.

Trump said he believes DAMAC Properties' will "keep America on the cutting edge of technology and artificial intelligence."

The first phase of the newly announced investment will begin in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana, according to Trump.

Sajwani told reporters at the news conference at Mar-a-Lago that Trump being elected was "amazing news for me and my family."

"We're very, very excited now with his [Trump] leadership and his open strategy and policy to encourage businesses to come to us," Sajwani said.

The Emirati businessman also said that his company may invest more than the already $20 billion promised to the U.S. if "the market allows us."

According to Sajwani, DAMAC Properties also operates in 20 countries, delivering more than 45,000 luxury units and another 45,000 in the pipeline in data centers.

The news conference comes after Trump's legal team asked the New York State Appeals Court to dismiss Trump's hush money case ahead of Friday's sentencing.

According to Reuters, the request to the court marked a last-ditch effort by Trump to block a lower court ruling, before Trump's Jan. 20 inauguration.

Trump is known to speak about several topics during his news conferences.

His eldest son Donald Trump Jr. arrived in Greenland Tuesday after news that his father showed an interest in taking control of the Danish territory that's home to a large U.S. military base.

Trump Jr. is there to shoot video content for podcasting, according to the Associated Press, which cited a person familiar with the plans who was not authorized to speak publicly.

Tuesday's news conference is Trump's first remarks after Congress certified the 2024 presidential election.


_______________
Stay up to date with our social media:

WOAI on Instagram: https://www.instagram.com/news4sa/
WOAI on Facebook: https://www.facebook.com/News4SA
WOAI on Twitter: https://twitter.com/news4sa
Subscribe to WOAI on YouTube: https://www.youtube.com/channel/UCpsuSNiFkl4T4owtIb8QqWQ/?sub_confirmation=1

Daily News Playlist:
https://www.youtube.com/playlist?list=PLyFwDPyddKc7LjpC-mcnv_GVlPbuj84-M

For more information, visit https://news4sanantonio.com/


Have a news tip? Send it directly to us:

Email us: NewsDesk@news4sanantonio.com
Call the Newsroom: 210.442-6397

WOAI is a TX based station and an NBC Television affiliate owned and operated by Sinclair Broadcast Group, Inc. Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the country today.

#WOAI #NEWS4SA #NEWS4SanAntonio #WOAI4 #SanAntonio