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Donald Trump praised the relations with Saudi Arabia and the United States with Saudi Arabia on Tuesday and said that it was $ 600 billion worth of defense, artificial intelligence and other deals.
The Kingdom of the US President and the actual leader, the crown Prince Mohammad Bin Salman, said the three national tour of the oil-rich Gulf said.
“He is an incredible person, now I know him for a long time. He has no one” Trump He said to an audience full in Riyadh. Among the guests the world’s richest man, private capital Baron Stephen Schwarzman, Nvidia Boss Jensen Huang and other US managers.
Trump said that the US Saudi relations were “security and well-being”. He added: “Today, we take the next steps to make our relationships even more, stronger, more stronger, stronger, stronger ..”
White time commenting on Trump’s speech, the White House welcomed Saudi Arabia’s $ 600 billion obligation for investment in the United States “and” future economic ties for generations “and” future economic relations. “
Prince Muhammad The two countries will increase to $ 1 billion in the coming months, he said.
“We are working on $ 600 billion in partnership with the United States, including more than $ 300 billion, including more than $ 300 billion, including this forum,” said Crown princess.
The White House has entered an obligation of unlocked deals Saudi ArabiaSeveral “hundred thousand nvidia of NVIDIA’s best hundred thousand NVIDI uses the most advanced chips and a new state-owned company.
This will make it one of the largest AI Prince Muhammad’s ambitions of Saudi Arabia to the position of the global AI center of Saudi Arabia and the chip commands by a state company that increases the world’s “Sovereign AI” infrastructure.
The first stage of the investment in the investment will cover the placement of 18,000 NVidia’s last Blackwell servers. According to an NVIDIA graphic processing section worth $ 30,000 – 40,000, Saudi investment will exceed many billions of dollars.
One of the main competitors of the EU’s NVIDIA market is an investment of up to $ 10 billion by sensitivity to placing its infrastructure in the country. Amazon has made a $ 5 billion commitment to the information center infrastructure.
NVIDIA shares increased by 5.6 percent on Tuesday, 4 percent of AMD won 4 percent. Amazon was 1.3 percent higher.
Jimmy Goodrich, Chief Adviser for Technology Analysis, Rand Corporation’s Thinking Tank, “Mass-scale” announcements of the Middle East EU “Undoubtedly, the future US data center will grow.”
“Instead of turning off the office of the future economic revolution, a better approach, the Gulf State money can be re-named America’s industry and energy dominance,” Goodrich said.
The White House said that Riyadh was a “about $ 142 billion” agreement to provide Riyadh on Tuesday “with the most modern martial equipment and services with dozens of defense firms.
It added that this will be raised by air forces and space opportunities, missile defense, marine and border security, soil forces and communication systems.
The United States also touched upon the plans to invest in EI data centers and energy infrastructure by Saudi Arabia in the United States to $ 20 billion.
Trump protects more than $ 1 billion worth of valuable deals and investment hostages on his visit to the Gulf, which will cover the stops in Qatar and the United Arab Emirates.
Traditional US allies are one of the largest purchasers of American weapons, and reported a lot of sovereignty funds and all ambitions in the AI of more than $ 3N.
Most US most powerful technological managers, including Musk, Huang and Openai’s Sam Altman, Saudi Arabia adopted an investment forum. Blackstone’s Schwarzman also attended the top financiers, including Blackrock’s Larry Fink and Citigroup Jane Fraser.
US technology companies are increasingly managing the largest and most active resources to increase capital and attractive investments, which are the largest and most active sovereignty in the world.
Trump leadership last week hurricane Along with other other countries, including Saudi Arabia and Singapore, the United States would face restrictions on the purchase of the most powerful AI plugs in the United States.
Riyadh, Prince Muhammad, chaired by Mohammad and the Society’s Investment Fund, the 940-billion wealth fund, the sector and investments in the sector, Trump came the day before.
A few days after Trump in January, Prince Mohammad made the same amount declared in the United States in the United States in the next four years – Tuesday.
The UAE was followed by a similar gesture in March and planned $ 1.4TN in the next 10 years. He also wants to build itself as a leading AI hub and made a strategic decision to invest in US technology.
Analysts will question the Gulf states, especially oil prices, expandable budget deficit and the scale of domestic projects, especially Saudi Arabia on a large-scale scale.
Additional report by Michael Acton in San Francisco
