The announcements follow reports that the US administration intends to facilitate AI chip deals between American firms and Gulf nations.

Nvidia and other AI stocks climbed Wednesday, extending Tuesday's gains as Saudi partnerships stoked excitement for future deals.

The oil barons of the Middle East have been trying to diversify out of carbon fuels and into other parts of the global economy for decades, but artificial

Saudi Arabia launched Humain, a state-owned AI company led by Crown Prince Mohammed bin Salman with former Aramco Digital CEO Tareq Amin as CEO, coinciding with Trump's Middle East tour and a $600 billion investment commitment from Saudi Arabia to the US.

The networking and security company said the partnership aims to build the world’s most open, scalable, resilient and cost-efficient AI infrastructure, and position Saudi Arabia as a global leader in digital innovation.

Tesla CEO Elon Musk said he wants to bring robotaxis to the Kingdom, where Uber is already making a robotaxi play with China's Pony.Ai.

Scale AI, a startup backed by Amazon.com Inc. that helps companies develop artificial intelligence products, plans to open an office in Saudi Arabia by the end of the year in a broader regional expansion.

In a geopolitical chess game with billions at stake, Saudi Arabia, the U.S. and Nvidia all have something to gain.