A wave of major artificial intelligence (AI) agreements between top-tier American tech companies and Saudi Arabia has underscored the intensifying competition for global AI dominance. During a high-profile diplomatic visit to the Gulf, the U.S. administration unveiled a $600 billion framework aimed at bolstering American corporate interests in the region. Central to this initiative are ambitious AI-related deals between Nvidia $NVDA, Advanced Micro Devices $AMD, and Qualcomm Inc $QCOM with Humain, a newly launched Saudi AI startup backed by the nation’s sovereign wealth fund.