By Mucahithan Avcioglu
ISTANBUL (AA) - More than $1.63 trillion has been pledged for technological and artificial intelligence investments in the US during President Donald Trump's tenure so far.
Trump shared a FOX News compilation of these investments on his Truth Social account.
On Feb. 7, Trump announced that Japanese steel manufacturer Nippon Steel would invest $14.1 billion in US Steel.
Emirati billionaire Hussain Sajwani, founder of DAMAC Properties, also committed to investing $20 billion in the US to build data centers, according to Trump's Jan. 7 announcement.
On Monday, Apple revealed plans to invest $500 billion in the US over the next four years, expanding its teams and facilities in Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina, and Washington.
"Plans include a new factory in Texas, doubling the U.S. Advanced Manufacturing Fund, a manufacturing academy, and accelerated investments in AI and silicon engineering," Apple said in a statement.
On Friday, Trump said he met Apple CEO Tim Cook at the White House, adding that he is "investing hundreds of billions of dollars."
On Jan. 22, several tech giants, including OpenAI, Oracle, Nvidia, and SoftBank, announced plans to invest up to $500 billion in expanding AI infrastructure in the US.
"This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world," OpenAI said on X.
On Jan. 23, the Saudi Press Agency (SPA) reported that Saudi Arabia plans to expand its investments and trade with the US by at least $600 billion over the next four years, with potential for further growth.