The US government announced sweeping agreements to sell tens of billions of dollars worth of AI technology and services to Saudi Arabia and the United Arab Emirates.

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"... What’s new: The deals include the U.S. AI chip designers AMD and Nvidia as well as tech giants Amazon, Google, IBM, Oracle, and Qualcomm. The chip companies will supply hundreds of thousands of advanced chips to the two Middle Eastern countries, including chips that have been restricted by previous U.S. administrations.

How it works: The U.S. companies will work with two key regional partners: Humain, an AI company backed by the Saudi government, and G42, a tech conglomerate based in the emirate of Abu Dhabi. ...

Behind the news: Earlier this month, the Trump administration rescinded restrictions on advanced chips that had been imposed in January by then-President Biden. ..."

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