Trump family’s moves in the AI space Donald Trump Jr. As a partner of 1789 Capital, participated in two rounds of investment in AI chip giant Cerebras Systems (valuation: $23 billion) The fund has also invested in xAI (Elon Musk), Anduril, Reflection AI, and other AI/frontier tech companies Eric Trump In February 2026, invested in Israeli company XTEND—focused on developing AI drone operating systems, with plans for a Nasdaq IPO (valuation: $1.5 billion) The two brothers jointly invested in American Ventures, a fund with over $1 billion in scale, focusing on AI, crypto, drones, and other sectors