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15.05.25 - 00:12
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What′s at Stake as the US Gives Saudis Access to State-of-the-Art AI Chips (Bloomberg)
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President Donald Trump's administration has changed the direction of US AI policy toward two oil-rich states in the Middle East. It's paved the way for Saudi Arabia and the United Arab Emirates to buy chips from Nvidia Corp. and Advanced Micro Devices Inc. that are considered state-of-the-art when it comes to creating and running artificial intelligence software and services. Previously, the US had restrictions on delivering advanced technology to the region as part of broader controls on the sp...
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14.05.25 - 16:42
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Nvidia and AMD Stocks Rally on Trump′s Saudi Arabia Visit (Bloomberg)
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President Trump is striking deals to give Saudi Arabia wider access to advanced AI chips. Nvidia, AMD are seeing gains while Super Micro announced it reached a deal worth $20 billion dollars. Bloomberg Technology Co-Host Ed Ludlow joined Bloomberg Open Interest with the latest. (Source: Bloomberg)...
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14.05.25 - 15:24
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Nvidia, AMD Secure Saudi AI Data Center Deals During Trump′s Gulf States Tour (ZeroHedge)
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Nvidia, AMD Secure Saudi AI Data Center Deals During Trump's Gulf States Tour
Several U.S. tech companies announced big AI deals in the Middle East after the White House announced the kingdom's commitment to invest $600 billion in the U.S.
Among the largest deals, Nvidia will supply 18,000 of its cutting-edge Blackwell chips to Humain, an AI startup just launched by Saudi Arabia's Public Investment Fund.
Tuesday's announcement comes as part of the White House's Gulf tour, which includes President Trump and top CEOs.
"I am so delighted to be here to help celebrate the grand opening, the beginning of Humain," CEO Jensen Huang told the audience at the Saudi-U.S. Investment Forum in Riyadh on Tuesday, adding, "It is an incredible vision, indeed, that Saudi Arabia should build the AI infrastructure of your nation so that you could participate and help shape the future of this incredibly transformative technology."
A New Chapter of Global Technological Leadership ??...
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14.05.25 - 14:01
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Nvidia to Sell Chips to Saudi Arabia, Trump Lifts Syria Sanctions | The Opening Trade 05/14 (Bloomberg)
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President Donald Trump said he'll lift US sanctions against Syria following the toppling of former President Bashar al-Assad, a boost to the war-ravaged country's ambitions of rejoining the international community. “I will be ordering the cessation of sanctions against Syria in order to give them a chance at greatness,” Trump said in an address to a Saudi-US investment summit in Riyadh on Tuesday. “It's their time to shine.”
Under agreements with the US expected to be unveiled in coming days, Saudi Arabia and the United Arab Emirates are poised to win wider access to advanced AI chips from Nvidia and AMD.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)...
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14.05.25 - 12:31
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Saudi Arabia Cutting AI Chip Deals With US Big Tech (Bloomberg)
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Saudi Arabia and the United Arab Emirates are poised to win wider access to advanced AI chips from Nvidia and Advanced Micro Devices under agreements with the US expected to be unveiled in coming days. Peter Elstrom reports on Bloomberg Television. (Source: Bloomberg)...
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13.05.25 - 23:01
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US Plans to Grant Saudi Arabia More Access to AI Chips | Bloomberg Technology (Bloomberg)
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Bloomberg's Caroline Hyde and Ed Ludlow discuss Nvidia's plans to sell advanced semiconductors to Humain for a massive data center project in Saudi Arabia. Plus, City Index Senior Analyst Fiona Cincotta explains why markets aren't out of the woods yet. All this as US President Donald Trump and Saudi Crown Prince Mohammed bin Salman meet in Riyadh to announce new investments. (Source: Bloomberg)...
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13.05.25 - 20:06
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Trump and Saudi Prince MBS Tout $1 Trillion in Deals (Bloomberg)
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President Donald Trump and Saudi Crown Prince Mohammed bin Salman shared the stage in Riyadh at an investment forum and announced a pledge for $1 trillion in commercial deals. Top business leaders including Elon Musk and Nvidia CEO Jensen Huang were in the crowd. But there is still some confusion over the numbers. Bloomberg's Annmarie Hordern and Joumanna Bercetche are on the ground in the kingdom with more. (Source: Bloomberg)...
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13.05.25 - 17:39
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Nvidia to send 18,000 AI chips to Saudi Arabia (AP)
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U.S. chip maker Nvidia will partner with Saudi Arabia's sovereign wealth fund-owned AI startup Humain and will ship 18,000 chips to the Middle Eastern nation to help power a new data center project...
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