How Donald Trump’s ‘historic’ Gulf state deals benefit a handful of powerful men

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The story "How Donald Trump’s ‘historic’ Gulf state deals benefit a handful of powerful men" was covered 17 hours ago by The Guardian, a news publisher based in United Kingdom.

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The Guardian 17h ago

How Donald Trump’s ‘historic’ Gulf state deals benefit a handful of powerful men - The Guardian

Quick Summary:

The deals stand to enrich tech CEOs substantially by opening up new audiences for their productsOn his tour of the Middle East this week, Donald Trump announced a slew of multibillion-dollar tech deals with the leaders of Saudi Arabia, the United Arab Emirates and Qatar.

Saudi Arabia struck a similar deal for semiconductors, obtaining the promise of the sale of hundreds of thousands of Nvidia Blackwell chips to Humain, an AI startup owned by its sovereign wealth fund.

The deal reportedly allows the UAE to import half a million Nvidia semiconductor chips, considered the most advanced in the world for the creation of artificial intelligence products.