Oracle to
invest US$14 billion
The American database and cloud company pledged US$14
billion in investments over the next 10 years in Saudi Arabia, with the aim of
bringing AI technology to the kingdom. CEO Safra Catz credited Trump for the
deal, adding the expanded partnership with Saudi “will create new opportunities
for its economy”.
Nvidia
to send 18,000 chips
In a flurry of deals that saw Nvidia’s market value hit US$3
trillion, the US chipmaker announced a partnership with Saudi sovereign wealth
fund-owned AI startup Humain, which will include a shipment of 18,000 chips to
the kingdom, to help power a new data center project.
Another deal with the Saudi Data & AI Authority (SDAIA)
will see Nvidia deploy up to 5,000 Blackwell GPUs for a sovereign AI factory
and enable smart city solutions. Nvidia and SDAIA will train government and
university scientists and engineers on how to develop and deploy models for
physical and agentic AI.
Aramco Digital will also collaborate with Nvidia’s startup
ecosystem to develop AI computing infrastructure.
AMD US$10
billion collaboration
AMD and Humain will invest up to US$10 billion over the next
five years to deploy 500 megawatts of AI compute capacity. The AI
superstructure will power workloads across enterprise, start-up and sovereign
markets, the companies said.
Humain will oversee end-to-end delivery, including
hyperscale data centre, sustainable power systems, and global fibre
interconnects, and AMD will provide its software ecosystem.
Initial deployments are already underway across key global
regions, the companies announced.
Qualcomm
to build data centres
Qualcomm Technologies, also partnered with Humain for the
development of next-generation AI data centres, infrastructure and
cloud-to-edge services across the globe, including Saudi.
Franklin
Templeton’s US$150 million commitment
US investment firm Franklin Templeton signed a deal with
Saudi’s Hassana Investment Company, valued at US$150 million to explore
investments in Saudi private credit. The companies said the partnership aims to
mobilize institutional capital into the Saudi private sector and to strengthen
access to alternative financing in the kingdom.
Hassana is one of the region’s most active institutional
investors, with over 1.2 trillion Saudi riyals ($320 billion) of assets under
management.
AviLease
takes off with 30 Boeing aircraft
The PIF-backed aircraft lessor AviLease also announced it
had signed an agreement with Boeing for an order of 30 Boeing 737-8 aircraft,
its first direct OEM order.
Deliveries are scheduled through 2032, with chairman Fahad
AlSaif saying the deal was part of the PIF mandate to invest in the kingdom’s
aviation sector.
The agreement builds on the Riyadh Air deal Boeing, a new
airline launched by PIF, which placed an order of up to 72 Boeing 787-9
Dreamliner airplanes in a multi-billion-dollar deal, earlier this year.
