Among the signed agreements, stands out that of Nvidia, one of the largest chip manufacturers worldwide, with Humain, the recently created Saudi Artificial Intelligence company, detained by Public Investment Fund, the country’s sovereign fund
The US and Saudi Arabia signed several deals on Tuesday $ 600 billion, about $ 536 billion euros in sectors such as artificial intelligence and defense.
This was the result of Donald Trump’s first stop for the Middle East. The trip to the region will last until Friday and includes tickets to United Arab Emirates and Qatar.
Among the signed agreements, we highlight the NVIDIA, one of the largest manufacturers of chips worldwide, with Humain, the recently created Saudi Artificial Intelligence company, detained by Public Investment Fund, the country’s sovereign background.
With this agreement, Saudi Arabia is committed to buying “a few hundred thousand” chips to the American multinational over the next five years. The first order is one of the largest made to the company, with the government of Riyadh to acquire 18,000 state -of -the -art chips.
AMD also signed a partnership with Humain, in an investment that is expected to reach $ 10 billion to implement 500 AI computing megawatts over the next five years.
The growing partnership between Gulf countries and American companies is seen as beneficial for both sides. On the one hand, US multinationals receive high funding from some of the richest states in the world. In turn, these states see in artificial intelligence a way to diversify their economy, historically based on the production and export of fossil fuels.
With Trump, he followed a large entourage of entrepreneurs, including Elon Musk and Sam Altman, owner of the ChatgPT creator, who participated in a Saudi USA-ABÁBIA investment forum. Figures like Larry Fink, Blackrock CEO, and Blackstone CEO Stephen Schwarzman were also present.
