nvidia to Power Saudi Arabia’s AI Ambitions with Advanced Chip Supply
Riyadh – may 14, 2024 – Nvidia will supply over 18,000 of it’s latest AI chips to Humain, a Saudi Arabian company. The announcement, made at a Riyadh investment forum, involves deployment of advanced Blackwell chips across data centers. The deal underscores the strategic importance of AI in Saudi Arabia’s technological change, with the potential to reshape the region’s technological capabilities.
Nvidia to Power Saudi Arabia’s AI Ambitions with Advanced Chip Supply
Riyadh, Saudi Arabia – Nvidia will provide over 18,000 of its latest artificial intelligence chips to Humain, a saudi Arabian company, according to an proclamation made by Nvidia CEO Jensen Huang on Tuesday. The deal was unveiled during a White House-led investment forum in Riyadh, attended by President donald Trump and other prominent U.S.buisness leaders.
Strategic Significance of Nvidia’s AI Chips
The cutting-edge Blackwell chips are slated for deployment in data centers across Saudi Arabia, totaling 500 megawatts. Nvidia’s initial deployment will feature its GB300 Blackwell chips, among the company’s most advanced AI offerings, officially announced earlier this year. This agreement highlights the strategic importance of Nvidia’s technology as a key asset for the Trump administration, as nations globally compete for these devices essential for training and deploying sophisticated AI software like ChatGPT.
Did You No?
Nvidia’s Blackwell chips are named after mathematician David Blackwell, a pioneer in game theory and statistics. These chips represent a notable leap in AI processing power.
Huang’s Vision for Saudi Arabia’s AI Future
Huang expressed his enthusiasm for the partnership, stating:
I am so delighted to be here to help celebrate the grand opening, the beginning of Humain. It is an incredible vision, indeed, that Saudi arabia should build the AI infrastructure of your nation so that you could participate and help shape the future of this incredibly transformative technology.jensen Huang, CEO, Nvidia
Following the announcement, Nvidia shares experienced a surge, rising more than 5% in trading on Tuesday.
Policy Changes and Export Regulations
Last week, the Department of Commerce announced plans to replace what it termed President Joe Biden’s existing rule with a much simpler rule.
Since 2023, Nvidia has been required to obtain an export license for its AI chips due to national security concerns. These policy shifts reflect the evolving landscape of technology exports and their geopolitical implications.
Humain: Saudi Arabia’s AI Powerhouse
Humain, owned by Saudi Arabia’s Public Investment Fund (PIF), will focus on developing AI models and constructing data center infrastructure, according to a press release. The company’s long-term plans include deploying several hundred thousand
Nvidia graphics processing units. The PIF aims to position humain as a global AI leader, leveraging Saudi Arabia’s resources to drive innovation in the field.
Pro Tip
keep an eye on the Public Investment Fund’s (PIF) investments in technology. They are increasingly becoming a major player in the global AI landscape.
Saudi Arabia’s Transformation Through AI
Huang emphasized the transformative potential of AI in saudi Arabia, noting:
Saudi Arabia is rich with energy, transforming the energy through this giant versions of these Nvidia AI supercomputers, which are essentially AI factories.Jensen Huang, CEO, Nvidia
AMD’s Involvement and Trump’s Remarks
AMD also announced that it would supply chips to Humain as part of a $10 billion deal to build 500 megawatts of AI capacity. AMD stock saw a 4% increase during trading on Tuesday. President Trump acknowledged Huang’s presence at the event, contrasting it with the absence of Apple CEO Tim Cook.
Thank you very much, Jensen.I mean, Tim Cook isn’t here, but you are,
Trump said.
Apple declined to comment.
