Silicon Valley’s powerful traveled to Saudi Arabia alongside US President Trump with a single purpose …
In the capital of Saudi Arabia, Riyadh found it yesterday, Donald Trump did not go there alone. With him traveled and theI strong of Silicon Valley in order to attract investment From the rich kingdom of oil.
During an afternoon meeting he had with Saudi Prince’s successor, Trump said directly: “As you know, we have the biggest business leaders in the world here. Will leave with many checks For many things you will provide. “
The event, characterized as the first US-Saudi-Saudi Summit, included top banking executives, financial and other sectors, but the intense presence of the technology sector reflected how deeply the industry was based on the Gulf states. In recent years, technology leaders have turned to the Middle East to raise money to develop infrastructure associated with artificial intelligence in which they have bet their future. The relationship is two -way: Saudi Arabia also seeks to differentiate its economy away from oil, and the agreements and partnerships that have emerged from the journey show how the kingdom uses its deep pockets to become an important factor in itself.
Among the agreements announced during the trip was Nvidia’s promise that it would sell hundreds of thousands of Blackwell’s newest chips in Humain, a newly established business founded by Saudi Arabia’s state -owned investment fund. Advanced Micro Devices Chip Design Company also announced a $ 10 billion partnership with Humain. Amazon has announced important AWS data centers in the kingdom earlier this year.
This image is very different from this in 2018, when members of the business elite turned their backs on the investment conference organized by Saudi Arabia – named Davos in the desert – due to the murder of Saudi Arabia and Washington Post Post Post.
Trump’s first major international journey during his second term is highlighted by the emerging model of his commercial diplomacy, in which business interests – part of his family and associates – are interrelated and even equated with the goals of US foreign policy.
However, the goals of business leaders and the national interest sometimes clash. Foreign policy experts have questioned whether the US offers access to basic technology strategies, such as valuable artificial intelligence semiconductor chips, but receive very little in return – and possibly endanger national security by creating deep dependence on authoritarian countries.
But what important technological players followed Trump and gathered in Saudi Arabia?
Masculine
Musk is Donald Trump’s greatest donor in this second term. He lent his reputation, along with $ 288 million and the fierce public support on X to help him regain his position at the White House. He continued to lead Trump’s battle to reduce public debt and the Doge service founded by the new president. Although Musk leaves Doge, his presence in Saudi Arabia this week – along with his brother Kimbal and other allies – testifies that he intends to remain on Trump’s side.
Ruth Porat
Until last year, Ruth Porat was Google’s financial manager at Alphabet and Google’s subsidiary and the most powerful company after CEO, Sundar Pitsai. It now has a more backstage role as president and head of investment. A former Wall Street executive is not unknown to some of the big investors who participated in Riyadh. By sending Porat, Google was present at the meeting without having to show Pitsai.
Andy Jassi
Jassi succeeded Jeff Bezos as Amazon’s chief executive in 2021. Before that, he led Amazon’s cloud software and digital storage activities, which means he knows the value of computer chips and centers. Amazon has the largest cloud business in the world and has been the leader of the industry for years. But the company is inactive in artificial intelligence, with its main competitors, Google and Microsoft moving quickly to try to use technology to get some of Amazon’s work.
Ben Horovic
Entrepreneur Horovic’s pioneer of the internet and once a Democratic donor – it took place last summer when he announced, along with his partner Mark Andresen on their podcast, that we would assist in the re -election campaign. In this way, they joined a technology leaders who had turned to the right. Horovic has long been having business interests in the Middle East. His company was in negotiations last year with Saudi Arabia to create an artificial intelligence fund.
Sam Altman
Altman appeared next to Trump on the first day of taking over his duties in January, announcing a planned investment of $ 100 billion from Openai and other investors in new US artificial intelligence centers. Altman raises money to try to create data centers, called Stargate, and wants to help build data centers in other countries. Saudi Arabia and other Gulf countries have the money that Altman needs to continue the development of Openai and build the data centers that, he says, is crucial to the future of artificial intelligence.
Jensen Huang
Huang runs NVIDIA, the Computer Company at the heart of the flowering of artificial intelligence. He founded the company in 1993 and for most of its history it focused on the construction of computer -based computers chip. But in the mid -2010s, artificial intelligence researchers realized that the game chips were ideal for performing artificial intelligence models and Nvidia embraced the emerging industry. This decision led her to become the producer of the best and most sought after computer chips for the manufacture and operation of artificial intelligence software. Large technology companies have spent billions on the company’s material in recent years, making Huang one of the most powerful people in the technology industry.
Lisa
Your Advanced Micro Devices (AMD), an American computer chip design company, who is trying to get into the competition of artificial intelligence equipment and compete with Nvidia. Its profile has gone up and many technology companies are buying the company’s chips in the hope that AMD will help attract more competition in the artificial intelligence chip market, in which Nvidia has dominated in recent years. On Tuesday, AMD announced that it will work with the newly established Saudi Arabian Humain Intelligence Company to spend $ 10 billion on the construction of new US data centers, Saudi Arabia and other countries.
Alex
The carp is often the only democratic in a room with increasingly clockwise technology executives. Centralized the data analysis company with investor Peter Thiel after September 11th. The company sold technology to US government customers and defense at a time when many in Silicon Valley were hesitant to sell to the Pentagon. Karp is a staunch supporter of Israel, and Palantir will probably play a role in what Trump described Tuesday as a defensive detention agreement of nearly $ 142 billion with Saudi Arabia.
Kalanik
Kalanik helped to establish Uber and led the company to its rapid development from 2010 to 2017, before resigning in the midst of accusations that he had pushed executives to bypass local laws and allegations that he did not investigate reports of sexual harassment. Ever since he left Uber, Kalanik has focused on his new company, Cloudkitchens, which manufactures kitchens and software for companies using food delivery. Saudi Arabia’s state investment fund has reportedly made $ 400 million in Cloudkitchens in 2019.
Timini Timini
Swinni is the head of Epic Games, the company that created the extremely popular Fortnite video game. He has clashed with the leaders of the big technology companies, with the most prominent being challenged by Apple and Google for transactions in mobile app stores, which greatly influence EPIC’s profits. Judges have been in favor of the company in several major decisions, reducing the power of Apple and Google.
Dara Hosrovasachi
Hosrovasaki took over the reins of Uber in 2017, after Kalanik’s resignation. The company was imported to the Stock Exchange a little later. During the first presidency of Trump, Hosrovasach, who immigrated to America from Iran as a child, criticized Trump’s immigration policy and banning travels to countries with a Muslim majority. Uber also has a basic link with the Saudi Arabian government, which is one of its investors and holds a position on the company’s board of directors. In 2019, Hosrovasach told a journalist that the murder of Washington Post columnist Jamal Kasoghi by Saudi agents was a “mistake” that could be forgiven. He then apologized for the comment and said that “the murder was reprehensible and should not be forgotten or forgiven.”
The loud absences
But there were also some loud absences from Saudi Arabia with the first and best of Facebook Managing Director Mark Zuckerberg, who attended Trump’s swearing -in and has spoken favorably about him.
But neither Microsoft’s chief executive, Satia Nandela, nor her president, Brad Smith, was there. Also absent was the founder of Amazon, Bezos, Google CEO, Sundar Pitsai and Apple CEO, Tim Cook.
Source :Skai
With a wealth of experience honed over 4+ years in journalism, I bring a seasoned voice to the world of news. Currently, I work as a freelance writer and editor, always seeking new opportunities to tell compelling stories in the field of world news.