Saudis buy Nvidia chips
Saudi Arabia and the United Arab Emirates are buying up thousands of high-performance Nvidia chips.
Nvidia chips are crucial for building artificial intelligence software, joining a global AI arms race that is squeezing the supply of Silicon Valley’s hottest commodity.
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Saudis buy Nvidia chips to power AI ambitions, via @FT #Nvidia https://t.co/5M9aEeGKlI
— The_Journalbiz (@the_journalbiz) August 15, 2023
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The Gulf powerhouses have publicly stated their goal of becoming leaders in AI as they pursue ambitious plans to turbocharge their economies.
According to FT, Saudi Arabia has bought at least 3,000 of Nvidia’s H100 chips a $40,000 processor described by Nvidia chief Jensen Huang as “the world’s first computer [chip] designed for generative AI”
Meanwhile, the UAE has also secured access to thousands of Nvidia chips and has already developed its own open-source large language model, known as Falcon, at the state-owned Technology Innovation Institute in Masdar City, Abu Dhabi.
The Gulf states’ purchases of large numbers of Nvidia chips via state-owned groups come as the world’s leading tech companies rush to obtain the scarce chips for AI development.
Last week the Financial Times reported that leading Chinese tech groups such as Tencent and Alibaba are seeking to buy up Nvidia’s high-performance chips.
