Saudi Arabia is primed to become a hotspot for artificial intelligence infrastructure thanks to its surplus in energy, according to Groq CEO Jonathan Ross.

The Middle Eastern country is known for its vast energy resources and that's leading major technology firms to announce infrastructure deals in the region. It is also part of the kingdom's Vision 2030 strategy, which is a plan to diversify the Saudi Arabian economy beyond oil.

Jonathan Ross, the co-founder and CEO of AI chip company Groq, told CNBC's Dan Murphy in an interview at the Future Investment Initiative (FII) conference in Riyadh, that Saudi Arabia can become a net exporter of data thanks to its surplus in energy.

"One of the things that's hard to export is energy. You have to move it, it's physical, it costs money. Electric

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