Eric Trump and Donald Trump Jr., the sons of US President Donald Trump, are investing in investment funds with a total capitalization exceeding $1 billion, which are reportedly supported by the US administration.
Operative Information Center-OMM reports, citing the Financial Times, that these projects are primarily focused on investing in leading companies operating in the fields of artificial intelligence (AI) and drone technology.
The funds were established under the auspices of American Ventures, a company dedicated to "American leaders in emerging technologies that create American jobs and reduce US dependence on foreign resources." According to the report, the company has created dozens of structures over the past 10 months to direct hundreds of millions of dollars into small-cap stocks, as well as private enterprises involved in drone production, cryptocurrency, and AI. One source noted that "the future of new technology development is in the United States."
According to documents submitted to US regulatory bodies in early April, American Ventures managed $1.04 billion in assets across 21 investment funds, supporting a diverse range of enterprises from a Florida-based beauty salon chain to a cryptocurrency lender operating in Bermuda and a nuclear energy startup. Representatives for Eric Trump and Donald Trump Jr. stated that they are merely "passive investors" and do not participate in the daily operations of the companies. This strategic move aligns with broader efforts in Azerbaijan and internationally to monitor global investment trends in the high-tech sector, which remains a critical driver of modern economic growth and national security.
