US and Saudi Arabia Unveil Massive Bilateral Investment Plans

TaiwanPlus News

Saudi Arabia's Crown Prince Mohammad bin Salman is in the United States courting deals with tech firms. Tesla CEO Elon Musk and Nvidia founder Jensen Huang announced a massive joint project with Saudi Arabian AI startup Humain as US President Donald Trump seeks more investments in the US from the Gulf kingdom.

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00:00Two titans of the tech world share a stage, mapping out future partnership plans with the Kingdom of Saudi Arabia.

00:06Tesla CEO Elon Musk says he will build a massive data center in the kingdom,

00:11while NVIDIA founder Jensen Huang says his company's top-of-the-line Blackwell Superchips will power the project.

00:19Spearheading the ambitious investment on the Saudi side is government-backed AI startup Humane.

00:25While the company is still in its infancy, Huang seems certain it shows promise.

00:31Could you imagine a startup company, approximately $0 billion in revenues, now going to build a data center for Elon?

00:40500 megawatts is gigantic. This company is off the charts.

00:45Huang's comments come as Saudi Arabian Crown Prince Mohammed bin Salman is on a trip to the U.S. to court deals with tech firms,

00:53part of efforts to wean his country off its economic dependence on oil exports.

00:58Meeting with U.S. President Donald Trump, he's made some big promises.

01:02I believe, Mr. President, today and tomorrow we're going to announce that we are going to increase that $600 billion

01:07to almost $1 trillion of investment, real investment and real opportunity by details in many areas.

01:14That figure aligns with Trump's efforts to deepen ties with Saudi Arabia.

01:18It's a reversal from his predecessor, Joe Biden, who vowed to make the kingdom a pariah over its human rights record.

01:25Earlier this week, Trump agreed to sell Riyadh highly-coveted F-35 fighter jets.

01:31Then, while answering questions at the White House, the president also revealed plans to authorize export licenses

01:38for advanced semiconductors to the country.

01:41Those include NVIDIA's cutting-edge Blackwell chips, which are currently under tight export controls.

01:47Have you approved the export licenses for advanced chips to Saudi Arabia, the export licenses?

01:55We are working on that. We're negotiating that right now.

01:58As the world rushes to capitalize on the AI boom,

02:01Saudi Arabia offers U.S. firms two things vital for the industry, space and energy.

02:07Meanwhile, Trump is getting something his administration has made a priority,

02:11substantial investment in the United States.

02:14Leon Lian, Yuan Duan, and Leslie Liao for Taiwan Plus.

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