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

Shares of semiconductor manufacturer AMD were up Wednesday after a big stock buyback authorization. Here's what that means.

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

Duo aim to enter a strategic collaboration for the development of next-generation AI data centers, infrastructure and cloud-to-edge services

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’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.

Advanced Micro Devices shares jumped Wednesday, as the chip designer said its board approved a fresh $6 billion share buyback program.

With HUMAIN, the kingdom aims to lead in regional AI innovation, challenging global dominance with homegrown infrastructure and language models.

AMD and HUMAIN have partnered and launched a $10 billion initiative to boost AI. Takeaway Points AMD Partners with HUMAIN. The aim is to boost AI. HUMAIN will be in charge of end-to-end delivery, including hyperscale data centers and sustainable power systems.