Elon Musk, Jensen Huang to talk AI at US-Saudi investment forum

Nvidia's shares surged following a strong earnings report that exceeded revenue expectations. This positive outcome comes just a month after CEO Jensen Huang announced that the company had secured $500 billion in orders for its AI chips, highlighting Nvidia's significant role in the AI market.

Nvidia has exceeded revenue expectations, reporting a significant increase in demand for its AI chips. CEO Jensen Huang highlighted the company's strong performance, indicating a robust market for their GPUs. This growth reflects Nvidia's pivotal role in the ongoing AI boom.

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.

Tesla investors have shown strong support for CEO Elon Musk, with approximately 75% voting in favor of a groundbreaking pay package that could potentially reward him with $1 trillion if he significantly increases the company's value. This decision reflects the confidence shareholders have in Musk's vision for Tesla's future.

Nvidia exceeded Wall Street expectations with its third-quarter earnings, showcasing strong demand for its AI chips. The company's shares rose in after-market trading, reflecting investor confidence amid concerns about the AI market's valuation. CEO Jensen Huang highlighted record sales and a rapidly expanding AI ecosystem, indicating a positive outlook for the company's future.

Elon Musk announced that his xAI artificial intelligence startup plans to develop a 500 megawatt data center in Saudi Arabia in collaboration with Humain, the kingdom’s state-backed AI venture. The announcement was made during a US-Saudi investment forum in Washington, where Musk was joined by Nvidia CEO Jensen Huang, indicating a significant partnership in the AI sector.

Elon Musk announced that the Tesla Cybercab, which is designed without a steering wheel or pedals, is set to enter production in April. However, Tesla currently lacks the necessary regulatory exemption to legally sell the vehicle, raising questions about the feasibility of this ambitious project.

Elon Musk attended a dinner hosted by former President Donald Trump for Saudi Crown Prince Mohammed bin Salman, signaling a potential reconciliation between Trump and the Saudi leadership. This event reflects ongoing efforts to strengthen ties between the U.S. and Saudi Arabia, particularly in light of recent discussions surrounding significant investments and defense agreements. Musk's presence at the dinner highlights his influential role in the tech and business sectors, especially as he navigates relationships with global leaders.