President Donald Trump announced a $20 billion deal with Damac Group's Hussain Sajwani to build AI data centers across America. The first phase of the project will target eight states and aims to put America at the forefront of global tech. Trump promised to cut red tape and fast-track the permitting process for these projects. Trump views this deal as evidence of the "economic revolution" he promised during his campaign. The deal follows a $100 billion investment plan announced in December. Trump's economic playbook includes slashing corporate taxes and rolling back regulations to attract foreign companies to invest in the US. Nvidia's CEO, Jensen Huang, expressed interest in working with the new administration but is concerned about Trump's trade policies potentially impacting the company's global ambitions. The Biden administration is rushing to roll out new rules to boost infrastructure for AI data centers, but Trump has hinted at reversing these policies.



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