On May 13, 2025, in Riyadh, U.S. President Donald Trump announced a strategic partnership with Saudi Arabia worth $600 billion, which could grow to $1 trillion. The agreement covers investments in artificial intelligence, technology, energy, and defense. In particular, the Saudi company DataVolt will invest $20 billion in AI data centers in the U.S., and Humain has entered into partnerships with AMD for $10 billion and AWS for $5 billion to develop AI in both countries. Additionally, the agreement includes the sale of American defense equipment worth $142 billion.
This move underscores Saudi Arabia's commitment to diversifying its economy away from oil dependency and strengthening ties with the U.S. American companies like Nvidia will gain access to the Saudi market by sending 18,000 AI chips. Experts note that this agreement could shift the balance of power in the global tech race, although it raises questions about the ethical aspects of cooperation. Will this be the beginning of a new era for AI? Stay tuned for updates! Subscribe to #MiningUpdates for the latest news.
#AIAlliance #USSaudiDeal #artificialintelligence #TechInvestment #DataVolt #TRUMP