Trump Sons Bet Big on AI Data Centers Amidst Scrutiny and Controversy
The Trump family's business ventures have taken a new turn, with the older sons, Donald Jr. and Eric, investing heavily in AI data centers. Meanwhile, the family's political and financial power continues to draw scrutiny, with recent revelations about their dealings and the media's coverage of them.
Forbes staff writer Zach Everson, who covers the intersection of political and financial power of the Trump family, has reported on their latest venture. The Trump sons have made a big bet on AI data centers, following their father's push for industry investment. This move comes amidst ongoing discussions about the family's business dealings and potential conflicts of interest.
In other news, Donald Trump Jr. was paid a substantial sum of $813,000 for his role as a director at Trump Media and Technology Group, despite attending only two meetings. This revelation has raised questions about the company's compensation practices.
Meanwhile, the media landscape continues to shift. Disney's ABC News has cut back on FiveThirtyEight, including shutting down its data and archives, after paying $16 million to settle a lawsuit. This move has implications for the future of data-driven journalism.
In Florida, a tax loophole known as the 'rent a cow' scheme has resulted in a significant tax shortfall. Builders in two counties have exploited this provision, leading to a $6.6 million loss in revenue last year. Pulte Home Co. was among the beneficiaries, paying a small property tax bill thanks to the scheme.
The phrase 'money is the mother's milk of politics' is taking on a new meaning, with leaders increasingly using their political power to enrich themselves and their families. This trend has been evident in the Trump family's business dealings, with insiders at Dominari Holdings buying company shares before Don Jr. and Eric Trump joined the advisory board, leading to a stock surge.
The Trump family's foray into AI data centers and the ongoing scrutiny of their business dealings continue to shape the political and financial landscape. Meanwhile, the media's coverage of these events, including the recent revelations about ABC News and CBS's poll on Trump's speech to Congress, highlights the complex interplay between power, money, and information in today's world.
