By Max A. Cherney and Stephen Nellis (Reuters) -A number of U.S. technology firms on Tuesday announced artificial intelligence deals in the Middle East as U.S. President Donald Trump secured $600 billion in commitments from Saudi Arabia to U.

Saudi Arabia is going all-in on AIand it just roped in a major U.S. chipmaker to help lead the charge. The Kingdom's new AI investment vehicle, Humain, has announced a $10 billion commitment to build a global AI backbone,

US administration lifts export restrictions of advanced AI technology to the Middle East, Nvidia and AMD to export thousands of chips to Saudi Arabia.

Despite Nvidia's AI semiconductor dominance, competitors are innovating to challenge its lead. Read about AMD, Qualcomm, Broadcom, Amazon, and more.

When Advanced Micro Devices (NASDAQ: AMD) reported its first-quarter results recently, it gave a glimpse into why some investors remain excited about the stock's prospects despite its poor performance over the past year.

The latest lineup from AMD comes with all the features and specifications that provide state-of-the-art performance and make your PC smarter. The new chipset from the brand is built on three main pillars: a next-gen CPU based on Zen architecture, an integrated GPU with Radeon™ graphics, and a dedicated NPU with AMD XDNA.

AMD remains in a distant second place to Nvidia in terms of AI accelerator sales, but it seems to have found a big customer in Humain. In a separate announcement, it said the two parties will invest up to $10 billion to build 500 megawatts of AI compute capacity in Saudi Arabia, as part of an “AI superstructure.”

Saudi Arabian artificial intelligence company Humain to supply semiconductors for a massive data center project. The chipmakers secured deals as part of a larger $600 billion investment package promised by Saudi Arabia to American artificial intelligence companies during President Donald Trump tour of Gulf states.

Multi-year collaboration will deploy up to 500 megawatts of AI infrastructure, powered by the full spectrum of AMD compute and enabled by AMD ROCm Open Software Ecosystem. SANTA C