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Nvidia, AMD and Amazon to cash in on Saudi Arabia’s AI hub ambitions
- Nvidia and AMD are set to supply chips to Saudi Arabia for data centers under a deal brokered by President Trump.
- Humain, backed by Saudi Arabia’s Public Investment Fund, will operate the data centers to become an AI hub for the Middle East.
- Nvidia will provide its powerful chips to Humain, while AMD plans to offer its own chips and software for the data centers.
- The Trump administration lifted export restrictions on semiconductor shipments to Saudi Arabia, enabling these deals.
- Humain aims to build AI infrastructure and develop Arabic-language models for generative AI applications.
- Nvidia and AMD stocks surged after the announcements, as they seek to expand their AI accelerator customer base.
- Humain plans to build AI factories with a capacity of up to 500 megawatts per facility and acquire Nvidia processors.
- Saudi Arabia's move towards technology hub transformation attracts investments from U.S. tech giants like AWS, Google, and Oracle.
- AWS also plans to invest in a new 'AI Zone' in Saudi Arabia alongside the potential deal with the UAE for Nvidia chips.
- The UAE may acquire over a million Nvidia chips, with a portion going to G42 AI firm and the rest to U.S. data center projects.
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