saudi arabia

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Elon Musk Clears Legal Hurdle: Not Liable in Tesla Tweet Trial

Elon Musk emerges victorious as a federal jury finds him not liable for fraud in a trial over his infamous 2018 tweet about taking Tesla private. The jury ruled in Musk's favor, acknowledging the testimony about Saudi backing despite the absence of formal funding. Critics remain divided, celebrating free speech or decrying a legal loophole.

2 days ago

Elon Musk Clears Legal Hurdle: Not Liable in Tesla Tweet Trial

Breaking the Petrodollar: How the 'Iran War' Shatters the Treasury Support Loop

The longstanding 'petrodollar loop'—an arrangement where Gulf states invest oil revenues in US Treasuries—has been disrupted by the Iran War. This deal, which began in 1974, was vital for global financial stability, but recent conflicts have severed this economic anchor, posing threats to US dollar dominance and Treasury market security.

Apr 6

Breaking the Petrodollar: How the 'Iran War' Shatters the Treasury Support Loop

Tesla Unleashes Free Supercharging to Support Middle East Amid Unrest

Tesla has kick-started free Supercharging across its stations in the UAE, Saudi Arabia, and Qatar amid regional geopolitical challenges. This humanitarian gesture aims to ensure seamless mobility during uncertain times, setting a positive precedent in the face of conflict.

Mar 18

Tesla Unleashes Free Supercharging to Support Middle East Amid Unrest

Elon Musk's xAI Scores Big with $3 Billion Boost from Saudi's HUMAIN, Paving Way for SpaceX Merger

In a groundbreaking $3 billion investment, Saudi-backed AI powerhouse HUMAIN is set to become a notable minority shareholder in Elon Musk's xAI as it readies for a monumental merger with SpaceX. This strategic gamble promises to integrate AI capabilities with space technology, propelling both to new heights and boosting Saudi Arabia's AI infrastructure ambitions.

Feb 20

Elon Musk's xAI Scores Big with $3 Billion Boost from Saudi's HUMAIN, Paving Way for SpaceX Merger

Saudi's Humain Backs xAI with Whopping $3 Billion Investment!

Humain, Saudi Arabia's powerhouse AI company, has invested a massive $3 billion in Elon Musk's xAI during its $20 billion Series E round. This strategic move converts Humain's stake into SpaceX shares, marking a significant milestone in Saudi Arabia's Vision 2030 to diversify from oil and bolster its AI infrastructure.

Feb 20

Saudi's Humain Backs xAI with Whopping $3 Billion Investment!

Saudi Arabia's HUMAIN Makes a Star Bet with $3B Investment in xAI Ahead of SpaceX Merger

Saudi Arabia's AI firm, HUMAIN, backed by the Public Investment Fund (PIF), invests a whopping $3 billion in xAI's Series E funding. This strategic move comes right before xAI is acquired by SpaceX, converting HUMAIN's stake into SpaceX shares, thus establishing them as a significant minority shareholder. The investment aims to bolster Saudi AI capabilities and infrastructure, reflecting the kingdom's ambition to become a global tech powerhouse.

Feb 19

Saudi Arabia's HUMAIN Makes a Star Bet with $3B Investment in xAI Ahead of SpaceX Merger

Saudi's HUMAIN Catapults into the Future with $3 Billion Bet on xAI's Series E Round

Saudi Arabia's HUMAIN, a PIF-owned company, throws a whopping $3 billion into xAI's Series E. Shortly afterwards, SpaceX acquires xAI, converting HUMAIN's stake to SpaceX shares. This strategic investment aligns with Saudi Vision 2030, aiming to diversify the economy from oil dependency by building AI data centers. The move also positions HUMAIN as a minority shareholder in one of the largest tech mergers with SpaceX.

Feb 19

Saudi's HUMAIN Catapults into the Future with $3 Billion Bet on xAI's Series E Round

Saudi AI Giant Humain's $3B Bet on Musk's xAI Rockets to SpaceX

Saudi Arabia's AI company, Humain, backed by the Public Investment Fund, has invested $3 billion in Elon Musk's xAI just before its grand acquisition by SpaceX. This move transitions Humain's stake into SpaceX shares, making it a notable minority shareholder. The investment aligns with Vision 2030, pushing Saudi Arabia to be a pivot in the global AI landscape through strategic partnerships and cutting-edge infrastructure.

Feb 18

Saudi AI Giant Humain's $3B Bet on Musk's xAI Rockets to SpaceX

Saudi Arabia's Humain Pumps $3B into Elon Musk's xAI Ahead of SpaceX Merger

Saudi Arabia's state-backed AI firm, Humain, has invested a staggering $3 billion in xAI, Elon Musk's AI venture, during a pivotal Series E financing round. This move paves the way for xAI's acquisition by SpaceX and grants Humain a significant equity stake in the space tech giant. The strategic investment also promises to transform Saudi Arabia into a major AI hub by fostering advanced data center projects and integrating next-gen AI models across the Kingdom.

Feb 18

Saudi Arabia's Humain Pumps $3B into Elon Musk's xAI Ahead of SpaceX Merger

Microsoft Supercharges AI Learning in Saudi Arabia: 3 Million Citizens Set to Benefit by 2030!

Microsoft is taking a giant leap towards helping Saudi Arabia achieve its Vision 2030 goals by expanding its AI skilling programs. Announced at the Microsoft AI Tour in Riyadh, this initiative aims to equip an additional 3 million people with AI skills by 2030. This builds upon the 800,000 Saudis already trained in collaboration with key governmental bodies. The strategy involves launching new academies, free educator programs, and leadership courses to foster an AI-ready workforce.

Feb 16

Microsoft Supercharges AI Learning in Saudi Arabia: 3 Million Citizens Set to Benefit by 2030!