Newly launched Saudi Arabian AI venture Humain plans to deploy 500MW of data center compute over the next five years featuring AMD hardware. Together, sovereign-backed Humain and AMD will invest $10 billion in the joint effort, which will see facilities built in both Saudi Arabia and the US.

U.S. tech giants including Nvidia, AMD, and Qualcomm have signed major AI deals with Saudi Arabia's new startup Humain, backed by the kingdom's sovereign wealth fund. The agreements coincide with former President Donald Trump securing $600 billion in investment commitments during his Middle East tour.

Riyadh: The Saudi Data & AI Authority (SDAIA) signed a Memorandum of Understanding (MoU) yesterday with AMD during the Saudi-US Investment Forum held in Riyadh. The agreement aims to strengthen mutual cooperation between the two parties to foster silicon diversity and innovation in developing Saudi Arabia`s AI ecosystem.

AMD said on Wednesday that its board of directors approved $6 billion in share buybacks. The stock climbed 8%. The authorization is in addition to $4 billion in existing approved share repurchases, the company said.

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Advanced Micro Devices (NASDAQ:AMD) just scored a huge win with a $10 billion, multi-year deal to power Saudi Arabia's new HUMAIN AI hub with 500 megawatts of its chips and accelerators. Investors cheered,

Humain, the newly announced AI venture from Saudi Arabia's sovereign wealth fund, is partnering with Amazon Web Services. The two companies will invest some $5 billion to build an 'AI Zone' in the Kingdom, which is separate to the cloud provider's existing $5.3bn region set to come online next year.

AMD and HUMAIN, Saudi Arabia’s new AI enterprise, on Tuesday announced a landmark agreement to build the world’s most open, scalable, resilient, and cost-efficient AI infrastructure, that will power the future of global intelligence through a network of AMD-based AI computing centers stretching from Saudi Arabia to the United States.