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348 Saudi Arabia Did Deals With Trump, but Much of the Cash Is Staying Home

The Information
Miles Kruppa @ The Information 2 place · 05/15/2025 15:36 EDT

Saudi Arabia Did Deals With Trump, but Much of the Cash Is Staying Home

Saudi Arabia, long viewed as a fountain of cash for the tech industry, has flipped the script, getting U.S. companies to fund its build-out of artificial intelligence.

President Donald Trump announced hundreds of billions of dollars in deals when he visited Riyadh this week. The announcements touted investments in the U.S., but in many cases the Saudi money will go to U.S. companies to fund projects inside Saudi Arabia.

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