U.S. and Saudi Arabia announce tech investments in new partnership

The Trump administration committed to new investments with Saudi Arabia on Tuesday, announcing the plan for industries in both nations to spend $600 billion on items like technology infrastructure, among others.

President Donald Trump and Crown Prince Mohammed bin Salman signed an agreement of strategic economic partnership, which was secured in a meeting in Saudi Arabia. Private sector companies headquartered in both countries are leading the investments, with the Saudi Arabian-based DataVolt investing $20 billion in constructing AI data centers and energy infrastructure within the United States.

American companies like Google, Oracle, Salesforce, Advanced Micro Devices and Uber also committed $80 billion in “cutting-edge transformative technologies in both countries,” per the White House’s announcement.

Read more at Nextgov/FCW