A building belonging to DAMAC, a Dubai-based luxury real estate developer founded in 2002 by businessman Hussain Sajwani, is seen in Dubai on June 4, 2026. The UAE real estate magnate close to Donald Trump is pumping billions of dollars into data centres, hoping to cash in on the AI boom and become the global leader in the field. Sajwani, DAMAC Properties' chairman who attended the US president's 2025 inauguration and is second on Forbes' Arab rich-list, sees "huge" potential in data as demand for computing power soars. (Photo by FADEL SENNA / AFP via Getty Images)

A building belonging to DAMAC, a Dubai-based luxury real estate developer founded in 2002 by businessman Hussain Sajwani, is seen in Dubai on June 4, 2026. The UAE real estate magnate close to Donald Trump is pumping billions of dollars into data centres, hoping to cash in on the AI boom and become the global leader in the field. Sajwani, DAMAC Properties' chairman who attended the US president's 2025 inauguration and is second on Forbes' Arab rich-list, sees "huge" potential in data as demand for computing power soars. (Photo by FADEL SENNA / AFP via Getty Images)

A building belonging to DAMAC, a Dubai-based luxury real estate developer founded in 2002 by businessman Hussain Sajwani, is seen in Dubai on June 4, 2026. The UAE real estate magnate close to Donald Trump is pumping billions of dollars into data centres, hoping to cash in on the AI boom and become the global leader in the field. Sajwani, DAMAC Properties' chairman who attended the US president's 2025 inauguration and is second on Forbes' Arab rich-list, sees "huge" potential in data as demand for computing power soars. (Photo by FADEL SENNA / AFP via Getty Images)

A building belonging to DAMAC, a Dubai-based luxury real estate developer founded in 2002 by businessman Hussain Sajwani, is seen in Dubai on June 4, 2026. The UAE real estate magnate close to Donald Trump is pumping billions of dollars into data centres, hoping to cash in on the AI boom and become the global leader in the field. Sajwani, DAMAC Properties' chairman who attended the US president's 2025 inauguration and is second on Forbes' Arab rich-list, sees "huge" potential in data as demand for computing power soars. (Photo by FADEL SENNA / AFP via Getty Images)

A building belonging to DAMAC, a Dubai-based luxury real estate developer founded in 2002 by businessman Hussain Sajwani, is seen in Dubai on June 4, 2026. The UAE real estate magnate close to Donald Trump is pumping billions of dollars into data centres, hoping to cash in on the AI boom and become the global leader in the field. Sajwani, DAMAC Properties' chairman who attended the US president's 2025 inauguration and is second on Forbes' Arab rich-list, sees "huge" potential in data as demand for computing power soars. (Photo by FADEL SENNA / AFP via Getty Images)

A building belonging to DAMAC, a Dubai-based luxury real estate developer founded in 2002 by businessman Hussain Sajwani, is seen in Dubai on June 4, 2026. The UAE real estate magnate close to Donald Trump is pumping billions of dollars into data centres, hoping to cash in on the AI boom and become the global leader in the field. Sajwani, DAMAC Properties' chairman who attended the US president's 2025 inauguration and is second on Forbes' Arab rich-list, sees "huge" potential in data as demand for computing power soars. (Photo by FADEL SENNA / AFP via Getty Images)

A building belonging to DAMAC, a Dubai-based luxury real estate developer founded in 2002 by businessman Hussain Sajwani, is seen in the background in Dubai on June 4, 2026. The UAE real estate magnate close to Donald Trump is pumping billions of dollars into data centres, hoping to cash in on the AI boom and become the global leader in the field. Sajwani, DAMAC Properties' chairman who attended the US president's 2025 inauguration and is second on Forbes' Arab rich-list, sees "huge" potential in data as demand for computing power soars. (Photo by FADEL SENNA / AFP via Getty Images)

(COMBO) This combination of pictures created on June 09, 2026 shows (L/R) OpenAI CEO Sam Altman in Seattle, Washington on May 21, 2024 and Anthropic CEO Dario Amodei in New Delhi on February 19, 2026. ChatGPT-maker OpenAI on June 8, 2026, took the first step toward going public, one week after arch-rival Anthropic announced its own filing, as both companies look to raise the massive sums needed to expand. In a social media post, the Sam Altman-led company said it had confidentially submitted an S-1 registration statement to US securities regulators but had "not decided on timing yet" for any potential debut. (Photo by Jason Redmond and Ludovic MARIN / AFP via Getty Images)