Core Insights - HUMAIN, a newly established Saudi company, has signed over $10 billion in AI-related contracts with major US chipmakers Nvidia, AMD, and Qualcomm during President Trump's visit to Saudi Arabia [1][2] Company Overview - HUMAIN was announced by Saudi Crown Prince Mohammed bin Salman on May 12, 2023, and will manage the entire AI value chain in Saudi Arabia [2] - The company aims to provide comprehensive AI services, products, and tools, including next-generation data centers, AI infrastructure, and advanced AI models [2] - HUMAIN seeks to enhance human capabilities through the digital economy and aims to be a regional and global AI center in strategic sectors like energy, healthcare, manufacturing, and financial services [2][3] Strategic Partnerships - HUMAIN's collaboration with Nvidia includes building an AI factory in Saudi Arabia with a projected capacity of 500 megawatts over five years, supported by advanced GPUs [4] - The partnership will also focus on talent development through extensive training programs in AI, simulation, robotics, and digital twin technologies [4] - AMD has also signed a similar $10 billion agreement with HUMAIN to deploy AI infrastructure in Saudi Arabia, emphasizing the creation of a globally impactful AI platform [5] National AI Initiatives - Saudi Arabia plans to launch the "Beyond Initiative" by the end of 2024, with an investment of up to $100 billion to build a comprehensive AI ecosystem [6] - The initiative aims to position Saudi Arabia among the top 15 global AI centers within the next decade and to become an exporter of AI solutions [6] - The initiative will focus on workforce training, enhancing AI literacy, and establishing a supportive regulatory framework to attract and retain top talent [6][7] Related Investments - Other tech giants have also invested in Saudi Arabia, with Microsoft investing $2.1 billion in a global super cloud computing platform, Oracle investing $1.5 billion in new cloud service regions, and Huawei investing $400 million in cloud infrastructure [7] - These investments align with Saudi Arabia's Vision 2030, which aims to transition the economy from oil dependency to technology and digital innovation, with AI as a key pillar [7]