Intel stock skyrockets 8%: Can AMD stock keep pace amid AI chip surge and $14.2 billion fab deal?Intel stock jumped 8% to $47.50 on Wednesday. AMD stock gained 3% near $209 as AI chip demand surged. Intel announced a $14.2 billion repur...
01 Apr, 2026, 09.58 PM IST
Saudi's Humain invested $3 billion in xAI's Series E funding roundSaudi Arabia is boosting its artificial intelligence ambitions as it seeks to capitalize on the growing demand for compute capacity and di...
18 Feb, 2026, 07.46 PM IST
Video generation platform Luma AI raises $900 million, valued at $4 billionThe firm’s Indian-American CEO Amit Jain, who was formerly with Apple, told ET that the domain the company operated in is capital-intensive...
20 Nov, 2025, 12.05 AM IST
Saudi Arabia backs Elon Musk's xAI with data center dealMusk's xAI, which makes the chatbot Grok, agreed to work with the state-backed Saudi company Humain to build a new data center in the Gulf ...
19 Nov, 2025, 11.31 PM IST
AMD, Cisco and Saudi's Humain launch AI joint venture, land first major customerThe yet-to-be-named joint venture will kick off with a 100-megawatt data center project in Saudi Arabia - the computing capacity of which H...
19 Nov, 2025, 09.55 PM IST
Qualcomm stock skyrockets 19%, hits 52-week high after it announces chips to take on Nvidia and AMDQualcomm stock just soared 19% — its biggest jump in over a year. The reason? Qualcomm announced new AI accelerator chips, the AI200 and AI...
27 Oct, 2025, 09.13 PM IST
Musk’s xAI in talks with Saudi firm Humain on data center dealThe company is in early talks with two potential partners: Humain, a Saudi-backed artificial intelligence firm offering xAI several gigawat...
16 Jul, 2025, 09.28 PM IST
Sam Altman calls critics of Trump's UAE AI deals 'naive'Sam Altman defended AI deals between the US and Gulf countries, dismissing critics as naive. These deals, involving companies like Nvidia, ...
19 May, 2025, 01.34 AM IST
Nvidia and AMD shares jump, leaving DeepSeek impact behind; here's what happened and what investors should knowNvidia and AMD stocks surged after landing major AI chip deals with Saudi Arabia’s Humain, a subsidiary of the Public Investment Fund. The ...
15 May, 2025, 05.58 PM IST
AMD share buyback: Chip major Advanced Micro Devices offers $6 billion programIn Humain's deal with AMD, the agreement includes a plan to invest up to $10 billion to deploy 500 megawatts of AI hardware infrastructure ...
14 May, 2025, 07.18 PM IST
Deals take centre stage in Trump's Gulf visit: $80 bn tech push, $20 bn AI data centres & moreDonald Trump secured a $600 billion investment commitment from Saudi Arabia. This happened during his Gulf states tour. Several deals were ...
14 May, 2025, 02.04 PM IST
All about Humain, Saudi crown prince Mohammed bin Salman’s multi-billion dollar AI companySaudi Arabia’s crown prince has launched Humain, a new AI company under the Public Investment Fund, to boost the kingdom’s AI sector. It pl...
14 May, 2025, 12.10 PM IST
Nvidia to send 18,000 AI chips to Saudi ArabiaNvidia will supply 18,000 advanced Blackwell AI chips to Saudi Arabia’s Humain for a major 500-megawatt data center project. Announced duri...
14 May, 2025, 08.54 AM IST
US tech firms Nvidia, AMD secure AI deals as Trump tours Gulf statesUS tech giants, including Nvidia, AMD, and Qualcomm, announced major AI deals in the Middle East during President Trump's Gulf tour, securi...
14 May, 2025, 08.50 AM IST
Jensen Huang-led Nvidia to send 18,000 top AI chips to Saudi Arabia; here's what Mohammad bin Salman plans to do with themNvidia's CEO Jensen Huang announced the sale of over 18,000 advanced AI chips to Saudi Arabian firm Humain. These Blackwell chips will powe...
13 May, 2025, 10.17 PM IST
Saudi Arabia's Humain partners with Nvidia on AI goals as Trump visitsNvidia and Saudi AI startup Humain announced a partnership to boost AI and cloud infrastructure in Saudi Arabia. Backed by the Public Inves...
13 May, 2025, 08.41 PM IST
Saudi Arabia launches company to develop artificial intelligence under PIFSaudi Crown Prince launched "Humain" under PIF to advance AI technologies, offering data centers, cloud services, and Arabic large language...
12 May, 2025, 06.28 PM IST