Nvidia has landed a massive deal to supply 18,000 of its advanced GB300 Blackwell AI chips to Humain, a company backed by Saudi Arabia’s sovereign wealth fund. The announcement came during the Saudi-US Investment Conference in Riyadh, attended by former US President Donald Trump and global CEOs. Jensen Huang, Nvidia’s CEO, said the deal will establish Saudi Arabia as a major player in the global AI landscape.
Humain plans to build massive data centers powered by Nvidia’s chips and expects to have 500 megawatts of power capacity. The data centers will host an “AI factory” that can develop and deploy advanced AI models like ChatGPT. This isn’t the only deal Humain has inked – the company is also teaming up with AMD in a $10 billion partnership to build out its data center infrastructure.
Impact on the Tech Industry
Nvidia’s stock jumped 5% following the announcement, while AMD’s stock rose 4%. The deals highlight the growing demand for AI chips and the increasing importance of Saudi Arabia in the global tech landscape. The US Commerce Department recently relaxed export controls on AI chips, making it easier for Nvidia to ship its products to countries like Saudi Arabia.
Geopolitical Implications
The deals between Nvidia, AMD, and Saudi Arabia have significant geopolitical implications. The US, under Trump’s leadership, is using Nvidia as a strategic tool in its international relations. Saudi Arabia is leveraging its wealth and energy resources to become a major player in the AI industry, competing with Western powers. This move solidifies Nvidia’s position as a key player in the global AI landscape.
These developments show that Nvidia is more than just a chipmaker – it’s a key player in the global geopolitics of AI.