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20.11.25 - 17:21
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Commerce Department Authorizes Export Of Advanced AI Chips To Companies In UAE, Saudi Arabia (ZeroHedge)
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Commerce Department Authorizes Export Of Advanced AI Chips To Companies In UAE, Saudi Arabia
Authored by Jacob Burg via The Epoch Times,
The U.S. Department of Commerce announced on Nov. 19 that it had authorized exporting tens of thousands of American advanced artificial intelligence (AI) semiconductor chips to two companies in the United Arab Emirates and Saudi Arabia.
The microchips will go to G42, a state-run AI company in Abu Dhabi in the UAE, and Humain, a Saudi government-backed AI business. Both companies have large data center projects planned in each of their respective nations.
The announcement came a day after Saudi Arabian Crown Prince Mohammed bin Salman arrived in the United States for the first time since 2018 and is reflective of both countries' interests in developing AI technology.
“Both companies are receiving approvals to purchase the equivalent of up to 35,000 Nvidia Blackwell chips (GB300s),” the Commerce Department said in a statement.
“These approvals will prom...
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19.11.25 - 18:06
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Musk′s xAI Plans 500 Megawatt Data Center in Saudi Arabia (Bloomberg)
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Elon Musk announced that his xAI artificial intelligence startup plans to develop a 500 megawatt data center in Saudi Arabia with Humain, the kingdom's state-backed AI venture, and will rely on chips from Nvidia Corp. Musk announced the plans on Wednesday alongside Nvidia Chief Executive Officer Jensen Huang at a US-Saudi investment forum in Washington. (Source: Bloomberg)...
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06.10.25 - 08:36
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Bell: Saudi Arabia Transparent About Borrowing Plans (Bloomberg)
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Saudi Arabia isn't letting USD65 Billion hole in its budget stop the Kingdom from playing a leading role in the largest-ever leveraged buyout to take Electronic Arts private. The shortfall is now estimated at 5.3% of GDP, more than double the previous forecast. Edward Bell, Acting Group Head of Research & Chief Economist at Emirates NBD spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on Saudi Arabia's investment strategy. (Source: Bloomberg)...
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