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trump administration boosts ai investment with major private sector initiatives

UBS has raised AppLovin's price target to $440, reflecting confidence in its AI-driven e-commerce growth. President Trump announced a $500 billion private sector investment to enhance AI infrastructure in the U.S., emphasizing domestic technology development amid global competition. The Stargate initiative, involving OpenAI, SoftBank, and Oracle, aims to create over 100,000 jobs and build data centers, with a commitment of $100 billion for immediate deployment.

dubai billionaire invests three billion in southeast asia data centers

Damac Group, led by billionaire Hussain Sajwani, plans to invest approximately $3 billion in building data centers across Southeast Asia, targeting Malaysia, Indonesia, and Thailand over the next three to five years. The first facility in Thailand, set to begin operations in March in Bangkok, will utilize Nvidia Corp. chips.
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