Category: Saudi Arabia

Elon Musk’s xAI Gets $3 Billion Investment From Saudi-Backed A.I. Firm

The New York Times – Business:
Humain, which was created by Crown Prince Mohammed bin Salman last year, said it made the investment just before xAI was acquired by SpaceX, Mr. Musk’s rocket company.
Saudi Arabia, Once Shunned, Has Corporate Titans Swooning for Deals

Some of the most prominent U.S. executives gathered at the Kennedy Center for an event promoting deal-making with the oil-rich kingdom.
Saudi Arabia Backs Elon Musk’s xAI With Data Center Deal

Mr. Musk’s xAI will work with the Saudi artificial intelligence company Humain on a new data center, part of Crown Prince Mohammed bin Salman’s effort to diversify his country’s economy.
Melania Trump Goes Saudi Green

At the official dinner for Prince Mohammed bin Salman, the first lady offered an unexpected sign of allegiance.
The C.E.O.s Who Came to Dinner (With the Saudi Crown Prince)

The presence of business leaders at a White House event for Crown Prince Mohammed bin Salman underscores a deepening of U.S. and Saudi ties.
Trump Family’s Business Ties to Saudi Arabia Raise Ethics Worries

President Trump will host Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto ruler, who oversees a major construction project that is in talks with the Trump family business.
Why Arguments About Free Speech Don’t Apply to the Riyadh Comedy Festival

Bill Burr, Dave Chappelle and others have framed their participation as a matter of open expression. Yet they’re maddeningly vague about how much dissent is possible in Saudi Arabia.
OPEC Plus Agrees to Small Boost in Oil Production

Saudi Arabia, the de facto leader of the oil cartel, sees advantages in increasing output despite market risks.
Celebrities Gather to Celebrate Met Opera’s 2025 Season

Celebrities gathered to celebrate the Metropolitan Opera’s new season, which opened with “The Amazing Adventures of Kavalier & Clay.”
Football Is Coming to Saudi Arabia, Where Soccer Is King

Saudi Arabia will host a flag football tournament featuring N.F.L. stars in the spring, in a mutually beneficial sports expansion.
Oil and Gas Prices Are Falling, a Boon for Drivers, and Trump

Plentiful supply and weak demand has helped bring down fuel prices, which President Trump has often cited as a measure of his success.
Saudi Arabia Pledges to Invest More Than $6 Billion in Syria

The deals highlight the countries’ deepening relationship under the new Syrian government, and a wave of investment in a country squeezed by war and sanctions.