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

Amazon says it'll work with Humain, the AI company recently launched by Saudi Arabia’s ruler, to invest '$5 billion-plus' in a strategic partnership.

Saudi Arabia launched a new state-backed AI company ahead of President Donald’s Trump state visit to the Kingdom.

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.

Saudi Arabia’s Crown Prince Mohammed Bin Salman launched Humain to develop and manage artificial intelligence technologies.

Data center development deals feature prominently in the $600B in investment the Trump administration says it has secured from Saudi Arabia.

Biden restricted the export of U.S. semiconductor chips to Saudi Arabia over national security concerns. Trump rescinded those restrictions.

Nvidia (NVDA) stock jumped 3.6% early Wednesday, extending its gain from the prior day when shares rose nearly 6% and the AI chipmaker’s market cap surpassed $3 trillion for the first time since February.