In October 2019, the $5 billion entertainment complex and mega-mall American Dream opened in East Rutherford, New Jersey, after about two decades of planning.
Then, the pandemic hit. It reopened again in October 2020 at a time when most Americans had shifted to online shopping for a safer experience.
Now that vaccines are readily available, American Dream developer Paul Ghermezian and his team are hoping customers will look for that in-person experience that they missed throughout 2020. Not only does the mall boast stores at all price ranges, from Hermes to Zara, but it also is home to the DreamWorks Water Park, the Nickelodeon Universe theme park, and the Big Snow indoor ski slope, among other attractions. As the holiday shopping season gets in full swing, he's hoping people will stop by for gifts as well as to take advantage of the special events and deals American Dream will offer.
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
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