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highplainsdem

(55,159 posts)
Thu Feb 20, 2025, 01:54 PM Feb 20

Trump's Sons Invest In AI Data Centers After He Touts Billions In Industry Expansion

Source: Forbes

Topline Just weeks after their father announced a major push to expand the country’s artificial intelligence infrastructure and loosen regulations on the industry, Donald Trump Jr. and Eric Trump invested in a new company aiming to build data centers “to address the growing demand for high-performance computing infrastructure.”

Key Facts
In January, President Donald Trump announced a $40 billion investment pledge in U.S.-based data centers from his business partner Hussain Sajwani, unveiled another $500 billion in planned investments in private-sector AI infrastructure and signed an executive order rolling back Biden-era policies that took a more cautious approach to AI and directed “the development of an AI Action Plan to sustain and enhance America’s AI dominance.”

Dominari Holdings, Inc.—a publicly traded firm specializing in wealth management, investment banking, sales and trading, asset management and capital investment —announced last week that Donald Trump Jr. and Eric Trump had invested in the company and joined its advisory board, touting their “strategic insight” in the AI and data center sector (although without citing any specifics).

On Tuesday, Dominari Holdings launched American Data Centers Inc., an independent firm in which Donald Trump Jr. and Eric Trump also invested, with plans “to address the growing demand for high-performance computing infrastructure” to support artificial intelligence, cloud computing and cryptocurrency mining.

-snip-

Read more: https://www.forbes.com/sites/zacheverson/2025/02/20/trump-eric-don-jr-ai-american-data-centers-dominari-artifical-intelligence-ethics/

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Trump's Sons Invest In AI Data Centers After He Touts Billions In Industry Expansion (Original Post) highplainsdem Feb 20 OP
Muskrat already has an AI facility in TN vapor2 Feb 20 #1
They are such job creators, replacing American workers with AI IronLionZion Feb 20 #2
A very vague description of what AI truly is. The markets still haven't 100% decided on what true AI really is, and SWBTATTReg Feb 20 #3

SWBTATTReg

(25,068 posts)
3. A very vague description of what AI truly is. The markets still haven't 100% decided on what true AI really is, and
Thu Feb 20, 2025, 04:01 PM
Feb 20

these people are already investing into the concept. I don't know. It's their money, I guess so if they lose their investments, so be it. I think we're still trying to establish a 'true' AI. I personally think that we'll know for sure if a true a real AI entity has been created when it finally happens. Perhaps this is why the investing markets for AI is exploding or becoming more and more prevalent.
Everyone wants in on the ground floor so they can make their $billions too. If I were smart, I wouldn't advertise my AI platform (if I had developed a decent one), unless I had safeguards to protect my investment.

To me this is just another regular run of the mill, data center.

I love this comment, that the tRUMP sons had invested into these companies who bringing the concept of “strategic insight” in the AI and data center sector (although without citing any specifics). These two morons know the concept of strategic insight? Whoa, blows my mind.

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