This week, chips were on the menu in the White House. “When you ask about AI and chips, Saudi Arabia has a huge need for computing power,” Crown Prince Mohammed bin Salman (MBS) said at a press conference on Tuesday with President Trump, where he floated a potential $50-billion purchase of American microchips.

Trump’s Commerce Department signed off on exporting 70,000 such advanced microchips made by Nvidia to state-owned AI firms in the United Arab Emirates (UAE) and Saudi Arabia. Little wonder why Jensen Huang, Nvidia’s high-flying CEO, joined a gaggle of tech moguls – including Elon Musk, Tim Cook, and Michael Dell – at a dinner honoring the Saudi royal.

By the time MBS was on his flight back to Riyadh, he could tout a new data-center partnership with Musk’s xAI and fleshed-out joint

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