Donald Trump announced a $20 billion deal with Damac Group’s Hussain Sajwani to build state-of-the-art AI data centers across America.

Over half of the investment is reserved for infrastructure. Microsoft President Brad Smith frames AI investment as key to economic growth.

While Microsoft is thinking on a global scale, the company's Vice Chair and President said more than half of this total investment will be in the US

The planned spending represents a 44% increase from last year, and more than half of it is expected to come in the U.S.

Microsoft is one of the biggest spenders, followed closely by Google and AWS, Bloomberg Intelligence said. Its estimate of Microsoft’s capital spending on AI, at $62.4 billion for calendar 2025, is lower than Smith’s claim that the company will invest $80 billion in the fiscal year to June 30, 2025.

Emirati billionaire Hussain Sajwani promised a $20 billion investment in the booming U.S. data center industry in the coming years, he and U.S. President-elect Donald Trump announced on Tuesday at Trump's home in Palm Beach,

Trump said the investor is Emirati billionaire Hussain Sajwani, chairman of DAMAC properties. U.S. President-elect Donald Trump on Tuesday announced a $20 billion new investment to build data centers across the United States.

The rise of AI and cryptocurrency have revved up demand for data centers. Texas stands to be a hub for such facilities.

President-elect Donald Trump announced an investment of at least $20 billion from Hussain Sajwani, the head of Damac Group, to build new data centers in the US. Sajwani said he's been waiting four years to make this type of investment.