News Summary

During a tour of Gulf states led by former US President Donald Trump, significant AI-related deals were announced between US tech firms and Middle Eastern entities. Notably, Nvidia agreed to supply hundreds of thousands of its latest AI chips to Saudi Arabia, with an initial delivery of 18,000 ‘Blackwell’ chips to Humain, a newly launched AI startup funded by the Saudi sovereign wealth fund. Additionally, Advanced Micro Devices (AMD) entered a $10 billion collaboration with Humain. The tour also witnessed commitments from Saudi Arabia to invest $20 billion in AI data centers and energy infrastructure in the US, while US companies including Google, Oracle, and Uber pledged $80 billion towards transformative technologies in both regions. The US firms’ focus on AI technologies comes as Saudi Arabia aims to diversify its economy beyond oil and establish itself as a hub for AI innovation.