Saudi Arabia is stepping up as a tech hub for AI, crypto, and space tech with a $600 billion American twist! 🇸🇦✨ After Trump's visit and big signings, they're all-in on transforming from oil to innovation powerhouses, teaming up with heavyweights like Nvidia, Tesla, and SpaceX. It’s a race with the UAE for regional dominance! 🚀
Here are the highlights from @blockchainrf:
1. Big investments:
- DataVolt: $20B for AI data centers & energy infrastructure in the US.
- Google, Oracle, Salesforce, AMD & Uber: $80B towards cutting-edge tech!
Funds galore:
- $5B in Energy Investment Fund
- $5B in New Era Aerospace & Defense Tech Fund
Space news: NASA & Saudi Space Agency team up to launch CubeSat on Artemis II mission! 🌌
2. Elon Musk's role:
- Saudi Arabia gave the green light for Starlink to support aviation & marine transport.
- Musk confirmed plans for Tesla's autonomous taxis in Saudi Arabia. 🚗💨
Larry Fink at BlackRock is backing Bitcoin ETFs. They’re also working with PIF ($925B assets) to boost investments!
3. AI infrastructure & regional rivalry:
- Nvidia will supply Humain with 18K Blackwell chips.
- Together they’re building AI factories capable of 500 megawatts using “hundreds of thousands” of GPUs over 5 years.
- AMD just inked a $10B deal with Humain for their AI infrastructure too!
Meanwhile, OpenAI is gearing up to announce a data center in the UAE as part of their global Stargate project with SoftBank—expanding into 10 countries! 🌍
Crown Prince Mohammed bin Salman aims to boost US-Saudi partnerships to $1 trillion across military, economic, and tech sectors.
UAE vs. Saudi Arabia showdown: UAE’s pulling in OpenAI via MGX and G42 while Saudi stakes its claim on Nvidia and AMD! 🥊💼 #TechWars #InnovationRace