Saudi Arabia’s Prince Has Big Plans, but His Giant Fund Is Low on Cash

The United States has authorized the export of advanced semiconductors to companies in Saudi Arabia and the UAE. This decision reflects a strengthening of economic ties between the US and these Gulf nations, particularly in the technology sector. The move is expected to enhance the technological capabilities of the recipient companies and foster collaboration in various industries.

The United States and Saudi Arabia showcased new business deals at an investment forum, highlighting the strengthening economic ties between the two nations. This event underscores the ongoing collaboration in various sectors, particularly in energy and technology, as both countries seek to enhance their mutual interests.

Elon Musk's xAI has partnered with the Saudi artificial intelligence company Humain to establish a new data center in Saudi Arabia. This initiative is part of Crown Prince Mohammed bin Salman's strategy to diversify the kingdom's economy. The data center will be xAI's largest outside the United States.

Saudi Arabia's Investment Minister Khalid Al-Falih stated that it is natural for the Kingdom to invest in the United States as part of its efforts to modernize and diversify its economy. He emphasized the appeal for U.S. companies to invest in Saudi Arabia. During a recent visit to Washington, Crown Prince Mohammed bin Salman pledged to invest up to $1 trillion in the U.S.

The sale of F-35 fighter jets to Saudi Arabia marks a significant achievement for the kingdom, which aims to enhance its global influence and military capabilities. This deal, approved by former President Donald Trump, aligns with Saudi Arabia's strategic interests in bolstering its defense capabilities amid regional tensions.

US lawmakers have stated that any civil nuclear agreement with Saudi Arabia must not lead to an arms race in the region. This statement reflects concerns about the potential implications of nuclear cooperation and the need to ensure that such agreements do not escalate military tensions.

Saudi Arabia and the United States have established a strategic partnership focused on artificial intelligence (AI). This collaboration aims to enhance technological capabilities and foster economic ties between the two nations, reflecting a growing interest in AI development and investment.

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.