"We can use initially our own financial resources, but then [in the] second phase we can use [a] third party's money," Sajwani said of the planned investment.

UAE-based digital infrastructure company Edgnex, part of the Damac Group, a UAE-headquartered property development company, ...

OpenAI, Softbank and Oracle will join forces to create Stargate, a new company investing $500 billion in AI infrastructure.

President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial ...

The landmark investment will largely focus on large-scale development projects in the Middle East, particularly in the UAE ...

The investment by DAMAC Properties in the United Arab Emirates is intended to highlight Trump's personal ability to attract new money for big projects. The announcement follows a pledge made last ...

President-elect Donald Trump announced last week that Dubai developer DAMAC Properties will invest at least $20 billion “over ...

Stargate — the joint venture between OpenAI, Softbank and Oracle — is starting its AI infrastructure plans with 10 data ...

Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.

President Trump announced a multibillion-dollar artificial intelligence infrastructure deal Tuesday with private tech companies, predicting the planned data centers will create more than 100,000 jobs ...