Saudi Arabia plans to deepen cooperation with major US tech giants and invest heavily in building multiple gigawatt-scale data centers

According to a report by Jinse Finance, US financial media Semafor stated that Humain, an artificial intelligence company backed by Saudi Arabia's sovereign wealth fund, plans to announce a series of new agreements with US companies tomorrow, as the country is preparing to invest tens of billions of dollars to implement a plan aimed at becoming the world's third-largest artificial intelligence nation. Sources revealed that Humain is planning to collaborate with companies including Amazon, AMD, xAI, and GlobalAI to announce the construction of multiple gigawatt-scale data centers. The sources said these agreements are expected to follow US approval for the sale of a large number of semiconductors to Saudi Arabia. It is currently unclear how many of these agreements are new and substantive, or merely indicate progress on agreements announced during President Trump's visit to Riyadh in May. Humain CEO Tareq Amin previously stated that he expects to obtain US-made AI chips when the first batch of data centers opens in early 2026.