UAE Giant Invests $20B in US AI Hubs

Key points:

• A United Arab Emirates investment firm, DAMAC Properties, has pledged $20 billion to build new data centers for AI across several locations in the United States.
• The investment is expected to take place in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana, with the potential to double or triple the initial investment.
• The exact details of the investment, including how the $20 billion will be distributed, are still unclear.

A massive investment of $20 billion has been pledged to build new data centers in the United States, targeting the growing demand for artificial intelligence (AI) and cloud services. The investment, announced by Hussain Sajwani, CEO and founder of DAMAC Properties, a property development company in Dubai, took place at president-elect Donald Trump’s Florida home, Mar-a-Lago. Sajwani is a close friend of Trump, according to news reports.

The initial phase of the investment will focus on building data centers in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana. However, Trump has hinted that the investment could potentially double or triple the initial $20 billion amount.

But questions remain about how the $20 billion will be invested. Will DAMAC be investing in existing data center developers, such as Equinix and JLL, or will it build and operate its own data centers? The answer to this question will have a significant impact on the data center industry.

Data center development is a complex and time-consuming process, with projects often taking five years from conceptualization to completion, notes Alan Howard, senior analyst for data center infrastructure at Omdia. Additionally, there is already a robust playing field of data center developers in the United States, making it a competitive and challenging market for new entrants.

This latest investment is not the only major tech deal announced recently. In December, Japan’s Softbank CEO Masayoshi Son announced plans to invest $100 billion in the United States and create 100,000 jobs over a four-year period. As the tech industry continues to evolve, we can expect to see more major investments and deals being made to drive innovation and growth.

Read the rest: Source Link

You might also like: How to get Windows Server 2022, Try Windows 11 Pro for Workstations & browse Windows Azure content.

Remember to like our facebook and our twitter @WindowsMode for a chance to win a free Surface every month.