Donald Trump is witnessing the Kingdom of Saudi Arabia as he reveals the deals of artificial intelligence and defense

Donald Trump praised the United States’ relationship with Saudi Arabia on Tuesday, a few hours after the White House revealed what he said was worth $ 600 billion of defense, artificial intelligence and other deals with the Kingdom.

The American President in the Kingdom and its actual leader, Crown Prince Mohammed bin Salman, praised the first leg of his deals, the tour of the oil -rich Gulf.

“He is an incredible man, I knew him for a long time now. No one is like him,” Trump He said to a hall packed in Riyadh. Among the guests, Elon Musk, was the richest man in the world, the Baron Special stocks Stephen Schwarzmann, Nafidia, the Jensen Huang coach and dozens of other executives.

Trump said that the relationship between the black United States was the “cornerstone” of security and prosperity. He added: “Today, we confirm again and take the following steps to make our relationship closer, stronger and stronger than ever … and it will remain in this way.”

In a press release before Trump’s speech, the White House praised the “Saudi Arabia’s commitment of $ 600 billion to invest in the United States” and “economic relations that will continue for future generations.”

Prince Muhammad The two countries said they will work in the coming months to increase the total to 1tn.

The crown prince said: “We are working on partnership opportunities with the United States worth $ 600 billion, including agreements of more than $ 300 billion that have been announced today during this forum,” said Crown Prince.

The deals revealed by the White House included a commitment Kingdom of Saudi ArabiaThe new state -owned AI, Humain, to build the Amnesty International Infrastructure in the Kingdom using several “hundred thousand” of the most advanced NVIDIA chips over the next five years.

It would make it one of the biggest Amnesty International Driver orders by a government company, which confirms the size of Prince Muhammad’s ambitions in the situation of the Kingdom of Saudi Arabia as a global center for Amnesty International and enhance NVIDIA’s desire to build an “Amnesty International” infrastructure around the world.

The chips maker said that the first phase of Hamman’s investments will include the publication of 18,000 of the latest “Blackweell” servers in NVIDIA. Based on the price of one NVIDIA graphics processing unit, which is estimated at 30,000-40,000 dollars, Saudi investment will reach billions of dollars.

AMD, one of the main competitors in NVIDIA in the artificial intelligence chips market, also participates in investing up to $ 10 billion with Humain to spread his country’s infrastructure. Amazon made a similar commitment to $ 5 billion covering the data center infrastructure.

NVIDIA shares increased by 5.6 percent on Tuesday, while AMD has gained 4 percent. Amazon was 1.3 percent higher.

“The huge range” of artificial intelligence advertisements in the Middle East “will undoubtedly the growth of the American data center in the future.

“Instead of preventing the future economic revolution to the Middle East, following a better approach is to direct the funds of the Gulf state to the re -manufacturing and energy hegemony,” said Godrich.

The White House was also martyred on Tuesday with what he said was an “approximately 142 billion dollars” agreement to provide Riyadh with equipment and services to fight modern war from more than ten American defense companies.

He added that this will include air and space capabilities, missile defense, maritime security and border security, and the modernization of lands and promotions to communications systems.

The United States also referred to the Saudi -Saudi Datavolt plans to invest $ 20 billion in artificial intelligence and energy infrastructure centers in the United States.

Trump is looking to secure investment deals and pledges worth more than one dollar on his trip to the Gulf, which will also include stops in Qatar and the United Arab Emirates.

Traditional American allies are among the largest buyers of American weapons, boasting of sovereign wealth money that runs more than 3 meters and all of them mentioned their ambitions to invest extensively in artificial intelligence.

Many of the strongest technology executives in the United States were also in Riyadh, including Musk, Huang and Openai from Sam Altman, as Saudi Arabia hosted a wonderful investment forum. Senior financiers, including Schwarzmann Blackson and Larry Fink, came from Blackston and Jin Fraser from City Group.

American technology companies are increasingly looking to the Gulf, which runs some of the world’s most active sovereign wealth money, to collect capital and lure investments.

Trump administration last week Abolish The base of the era of Biden, according to which the Kingdom of Saudi Arabia, along with dozens of other countries, including India and Singapore, have faced restrictions on its purchases of the strongest artificial intelligence chips designed by the United States.

Hume, who will be headed by Prince Muhammad and owned by the Public Investment Fund, which is the sovereign wealth fund worth 940 billion dollars, launched to direct his strategy and investments in the sector on Monday, the day before Trump reached.

A few days after Trump’s inauguration in January, Prince Muhammad committed the Kingdom of Saudi Arabia to invest $ 600 billion in the United States during the next four years – the same amount that was announced on Tuesday.

The UAE followed with a similar gesture in March, which has pledged to invest 1.4 trillion over the next ten years. It also seeks to establish itself as the leading center of Amnesty International and made a strategic decision to invest in American technology.

Analysts are wondering how the Gulf countries are able to spread such a large volume of capital in the announced frameworks that have been announced, especially the Kingdom of Saudi Arabia, because they are wrestling with low oil prices, a wide budget deficit and the size of their local projects.

Additional reports by Michael Acton in San Francisco