White House announces AI data campus partnership with the UAE
The U.S. and United Arab Emirates are partnering on a massive artificial intelligence campus touted as the largest such facility outside the U.S., the White House said Thursday.
The Abu Dhabi data center will be built by the Emirate firm G42, which will partner with several U.S. companies on the facility, according to the release from the Department of Commerce. It will have a 5-gigawatt capacity and cover 10 square miles.
The names of the U.S. companies were not disclosed.
"In the UAE, American companies will operate the data centers and offer American-managed cloud services throughout the region," Commerce Secretary Howard Lutnik said in the release. "The agreement also contains strong security guarantees to prevent diversion of U.S. technology."
The announcement comes as President Donald Trump visited the UAE as part of a broader trip to the Middle East, where he met with heads of state and announced several deals.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hill
9 minutes ago
- The Hill
Trump Organization announces new ‘Trump Mobile' phone service
The Trump Organization on Monday announced it was launching a new mobile phone business: Trump Mobile. It's the latest new business the Trump Organization is getting into during President Trump's second term in the White House, a dynamic that has raised various ethical concerns from his critics. Donald Trump Jr., the president's oldest son, announced the new initiative along with his brother Eric Trump, on the anniversary of their father's first announcing he was running for president 10 years ago, from Trump Tower in New York City. He said the business group felt the mobile phone industry was another era where there had been 'lackluster performance' and where there could be an opportunity to provide tech to an audience that was 'under-served. With Trump mobile, Trump Jr. said 'we're going to be introducing an entire package of products.' He said at a press event that it would allow people to 'get telemedicine on their phones for one flat monthly fee, roadside assistance for their cars,' and 'unlimited texting for 100 countries around the world.' 'We think we're going to be giving something unique to the American people,' Trump Jr. said. Trump's children have taken control of Trump's business entities through the Trump Organization while he is president. While the traditional Trump family business has been focused on real estate and hotels, it has more recently become involved in several tech-related businesses, from the Truth Social platform, which is where Trump's social media posts are initiated, to cryptocurrency. A release on Trump Mobile said it would offer 5G service through all three major cellular carriers. Its flagship offering is also linked to the president: The 47 Plan. It gives consumers the offerings of Trump Mobile for $47.45 per month, a price point that remarks on Trump's time as the nation's 45th and 47th president. 'Trump Mobile is going to change the game, we're building on the movement to put America first, and we will deliver the highest levels of quality and service,' Trump Jr. said in a press statement. 'Our company is based right here in the United States because we know it's what our customers want and deserve.' The Trump release also said it would be introducing a new 'TI Phone' in august. It described it as a 'sleek, gold smartphone engineered for performance and proudly designed and built in the United States for customers who expect the best from their mobile carrier.' Gold is of course President Trump's signature color. While Trump's children are running his business, the entry into the mobile business with distinct links to the White House is likely to come under criticism from those who see Trump's family as excessively monetizing his time in office.
Yahoo
9 minutes ago
- Yahoo
Those who invested in Brady (NYSE:BRC) three years ago are up 63%
Low-cost index funds make it easy to achieve average market returns. But across the board there are plenty of stocks that underperform the market. Unfortunately for shareholders, while the Brady Corporation (NYSE:BRC) share price is up 55% in the last three years, that falls short of the market return. In the last year the stock price gained, albeit only 3.0%. So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. Brady was able to grow its EPS at 16% per year over three years, sending the share price higher. This EPS growth is remarkably close to the 16% average annual increase in the share price. That suggests that the market sentiment around the company hasn't changed much over that time. Quite to the contrary, the share price has arguably reflected the EPS growth. You can see how EPS has changed over time in the image below (click on the chart to see the exact values). Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Brady, it has a TSR of 63% for the last 3 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence! Brady shareholders gained a total return of 4.4% during the year. Unfortunately this falls short of the market return. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 9% over five years. It's quite possible the business continues to execute with prowess, even as the share price gains are slowing. If you would like to research Brady in more detail then you might want to take a look at whether insiders have been buying or selling shares in the company. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
16 minutes ago
- Associated Press
Trump family announces another venture, a mobile phone company
NEW YORK (AP) — The Trump family said it will launch a mobile phone company, the latest in a string of ventures that have been announced while Donald Trump is in the White House despite ethical concerns that the U.S. president could mold public policy for personal gain. Eric Trump, one of President Donald Trump's sons who will run the business, said that the new company would build its own phones in the U.S., and maintain a call center in the country as well. The announcement of the new mobile phone company and service follows several real estate deals for towers and resorts in the Middle East, including a golf development in Qatar announced in April. A $1.5 billion partnership to build golf courses, hotels and real estate projects in Vietnam was approved last month, but the deal was in the works before Trump was elected. Trump criticized Apple last month because it planned to make most of its U.S. iPhones in India, and threatened to slap a 25% tariff on the devices unless the tech giant starts building the product in its home country.
