Saudi’s Oil Wealth Is Moving to AI. Now MBS Needs Trump’s Blessing

Saudi Arabia has entered into a partnership with Elon Musk's artificial intelligence company, xAI, to establish a data center in the kingdom. This collaboration aims to enhance Saudi Arabia's technological infrastructure and support its ambitions in the AI sector. The deal signifies a growing interest in AI technologies within the region, aligning with the country's broader economic diversification goals.

AI video startup Luma AI has successfully raised $900 million in a Series C funding round led by Humain, bringing its valuation to approximately $4 billion. The company, founded by Indian-American CEO Amit Jain, is also partnering with Humain to develop a 2GW AI cluster in Saudi Arabia, marking a significant investment in the region's AI infrastructure.

Saudi Arabia's artificial intelligence firm Humain has announced its first investment in the AI video startup Luma, which is valued at $4 billion. This investment marks a significant step for Humain, which was launched six months ago to leverage the kingdom's resources in the AI sector.

Elon Musk announced that his artificial intelligence startup, xAI, plans to develop a 500 megawatt data center in Saudi Arabia in collaboration with the state-backed AI startup Humain. The data center will utilize Nvidia chips, marking a significant investment in the region's AI infrastructure.

Elon Musk's xAI plans to establish a 500 megawatt data center in Saudi Arabia in collaboration with the state-backed AI venture Humain, utilizing chips from Nvidia Corp. This initiative is part of a broader strategy to enhance AI capabilities in the region.

The article discusses the partnership between Donald Trump and Nvidia's CEO, highlighting their collaboration on the international stage. It explores how this alliance has evolved and the implications it may have for both parties in the technology sector.

Lovable CEO Anton Osika attributes the company's success in reaching $200 million in annual recurring revenue to his decision to remain in Europe instead of relocating to Silicon Valley. This strategic choice has allowed Lovable to thrive in the competitive AI coding market.

A CEIP study reveals that 87 of the top 100 Chinese AI researchers who were working in the US in 2019 continue their research at US universities or companies as of 2025. Despite some narratives from Silicon Valley executives portraying China as a competitor, the contributions of Chinese researchers remain significant in the US AI landscape.