The C.E.O.s Who Came to Dinner (With the Saudi Crown Prince)

Crown Prince Mohammed bin Salman of Saudi Arabia is currently overseeing a restructuring of the kingdom's wealth fund after nearly a decade of costly investments that have yielded mixed results. This comes as President Trump welcomed him to the White House, highlighting the ongoing partnership between the two leaders.

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.

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.

A 101-year-old shipping company has filed for Chapter 11 bankruptcy amid a downturn in the freight industry, which includes trucking, rail, maritime shipping, air, logistics, and warehousing. The downturn has been exacerbated by the implementation of tariffs by the White House, contributing to uncertainty in the market.

The US energy secretary has stated that uranium enrichment is not included in the civil nuclear deal with Saudi Arabia. This clarification comes amid ongoing discussions about nuclear energy cooperation between the two nations, emphasizing the boundaries of the agreement.