Donald and Eric Trump, the sons of United States President Donald Trump, have invested in Dominari Holdings Inc. (DOMH) to build data centers in the United States through the launch of American Data Center Inc. (ADC).
According to the ADC, it wants to create a network of cutting-edge, energy-efficient data centers in several locations across the United States. The group will also focus on cloud computing, AI applications, enterprise data storage, and crypto mining.
Donald and Eric Trump invests in Dominari
According to the announcement of Dominari, both Trump sons will serve as members of the company’s advisory board to provide insights into the data and AI sectors. Through its ADC venture, the company also announced that it will develop AI infrastructure through the Trumps, with Dominari owning 32% of the company.
Dominari Holdings President Kyle Wool mentioned that the company intends to build energy-efficient data centers across critical areas of the United States. “Strengthening American AI infrastructure is vital to support the global rise in demand for these technologies. This venture aligns with our broader strategy to invest in high-growth industries and deliver lasting value to our shareholders,” he added.
Eric Trump, sharing the importance of the initiative, said, “The establishment of ADC is crucial for the development of AI infrastructure in the United States. With the soaring demand for data and an urgent need for scalable and efficient data solutions, ADC is poised to become a leading player in the rapidly advancing AI sector, ensuring that America can rely on homegrown solutions to power its AI backbone.”
President Trump wants to push AI in America
President Donald Trump has sounded the need to push artificial intelligence in the United States, with one of his executive orders focusing on removing the barriers to American leadership in the AI industry. The administration also introduced Stargate, a project launched in collaboration with several AI companies in the US. According to reports, Stargate will provide 100,000 jobs in the US in addition to pushing the technology in the country.
ADC also hopes to develop energy-efficient data centers to respond to the growing applications of AI, cloud computing, and enterprise data storage. It reinforces the administration’s much-lauded policy of supporting home-based AI infrastructure while also establishing the Trump family as a significant player in technology advancement nationally.