As part of its tour to the Gulf states, the US White House has announced Saudi Arabia’s $600-billion commitment to invest in the US, building economic ties that will endure for generations to come. The first deals under the announcement will aim to strengthen US energy security, defense industry, technology leadership, and access to global infrastructure and critical minerals. Notably, under this deal, (1) Saudi Arabian firm DataVolt will invest $20bn in AI data centers and energy infrastructure in the US; (2) Alphabet’s Google, DataVolt, Oracle, Salesforce, Advanced Micro Devices and Uber will invest $80bn in transformative technologies in both countries; and (3) Nvidia will sell AI chips in Saudi Arabia, with a first tranche of 18,000 of its newest “Blackwell” chips going to Humain, Saudi Arabia’s sovereign-wealth-fund-owned AI startup.
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