The Trump administration is clearing a path for two key Persian Gulf allies to pursue their artificial intelligence ambitions — and some of the biggest US tech companies are seizing on that opening with plans to spend billions of dollars in the region.

The deals are taking shape, while Trump visits the Middle East to forge deeper ties that put US technology initiatives at centre stage.

By Max A. Cherney and Stephen Nellis (Reuters) -A number of U.S. technology firms on Tuesday announced artificial intelligence deals in the Middle East as U.S. President Donald Trump secured $600 billion in commitments from Saudi Arabia to U.

Taiwan's Foxconn, the world's largest contract electronics maker, on Wednesday said first-quarter profit leapt 91% and beat the market forecast on continued strong demand for artificial intelligence servers.

The Taiwanese iPhone assembler and AI server maker reported a 91 per cent leap in first-quarter profit but downgraded its full-year outlook.

Taiwan's Foxconn, the world's largest contract electronics maker, on Wednesday said first-quarter profit leapt 91% on continued strong demand for artificial intelligence servers. Net profit for January-March for Apple's top iPhone assembler and Nvidia's server maker came in at T$42.

U.S. chip maker Nvidia will partner with Saudi Arabia’s sovereign wealth fund-owned AI startup Humain and will ship 18,000 chips to the Middle Eastern nation to help power a new data center project.

Nvidia's CEO, Jensen Huang, announced the sale of over 18,000 AI chips to Saudi Arabian firm Humain during the Saudi-U.S. Investment Forum. These Blac

Nvidia topped a $3 trillion valuation for the first time since February. A fresh AI partnership with Saudi Arabia was boosting the stock on Tuesday.