$600B AI Opportunity: Nvidia's 18,000-Chip Deal With Saudi Arabia's Humain Puts Middle East 'Front Of The Line,' Says Wedbush's Dan Ives
Saudi Arabia is making a bold move to become a global leader in artificial intelligence. The kingdom's new AI venture, Humain, backed by Saudi Arabia’s Public Investment Fund, has secured a deal with Nvidia (NASDAQ:NVDA) to receive 18,000 of its latest GB300 Blackwell chips, according to CNBC. This partnership aims to build a 500-megawatt AI data center, marking a significant step in Saudi Arabia's Vision 2030 plan to diversify its economy and invest in cutting-edge technology, Fortune reports.