Home Blog Page 189

AMD, Cisco, and Saudi’s Humain launch AI joint venture, land first major customer

0

“They will be the first customer of this cluster,” Amin said, adding that Luma has contracted to purchase the entire 100-megawatt capacity [File]
| Photo Credit: REUTERS

Advanced Micro Devices, Cisco Systems and Saudi Arabian artificial intelligence startup Humain are forming a joint venture to build data centres in the Middle East and have landed their first customer, CEOs at the three companies told Reuters in an interview on Tuesday.

The yet-to-be-named joint venture will kick off with a 100-megawatt data centre project in Saudi Arabia, the computing capacity of which Humain has contracted to supply generative video startup Luma AI, according to Humain CEO Tareq Amin. The size of the project and the first customer have not been reported before.

“They will be the first customer of this cluster,” Amin said, adding that Luma has contracted to purchase the entire 100-megawatt capacity. The joint venture between the companies is a byproduct of a flurry of deals announced when U.S. President Donald Trump visited Riyadh in May, and more collaboration is expected as Saudi Crown Prince Mohammed bin Salman and Trump meet in Washington this week.

Saudi Arabia’s sovereign wealth fund has backed Humain and its plans to produce significant data centre buildouts across the country because of abundant, available property and cheap power.

U.S. tech firms such as Nvidia, Qualcomm also secured agreements in May.

In May, AMD said it formed a $10 billion collaboration with Humain that included purchases of AMD’s advanced AI chips. In the joint venture, AMD and Cisco are minority shareholders and will share in the profit and loss of the endeavor, the executives said. Humain will take the lead, AMD CEO Lisa Su said.

“We will together really have responsibility for ensuring that it’s successful,” she said.

The companies did not disclose additional financial details.

The joint venture aims to serve a market that includes Asia, Europe, India, the Middle East and Africa, Amin said, with a total market of roughly 4.5 billion people.

The plans include building up to one gigawatt of new data centres to support the joint venture by 2030. For the initial buildout of 100 megawatts, Cisco will provide the networking equipment and other infrastructure and AMD will provide its MI450 AI chips. The first stage is planned for construction in 2026 and will use renewable energy entirely, Amin said. Humain is receiving purchase orders for some of the future building as well.

Construction has not yet begun on the various projects, Amin said. In addition to providing infrastructure equipment, Cisco will also use its salesforce to help sell capacity in the yet-to-be-built data centres.

Cisco CEO Chuck Robbins said that the company has a 25-year history of putting together incentives for its sales teams and plans to use that expertise to help Humain sell its data centre capacity.

Source link

AMD’s FSR Redstone to debut on December 10: Here’s how it will upscale gaming

0

FSR “Redstone” uses machine learning and neutral networks in order to deliver more immersive experiences to gamers [File]
| Photo Credit: REUTERS

AMD’s AI-enabled upscaling platform FSR “Redstone” is set to premiere on December 10, according to a short video shared by the company and multiple media reports.

AMD’s FSR “Redstone” refers to AI technologies that enhance users’ gaming experience by improving reflections and lighting, enhancing visual content, upscaling content, sharpening visuals, and delivering more realism and immersion, per Jack Huynh, SVP & GM, Computing & Graphics, AMD.

AMD FSR “Redstone” promises features such as upscaling low-resolution frames, predicting and inserting new frames for better smoothness, restoring ray-traced detail from samples, and optimising illumination levels. AMD noted that gamers could expect “smoother performance and sharper visuals.”

FSR “Redstone” uses machine learning and neutral networks in order to deliver more immersive experiences to gamers.

FSR “Redstone” is set to initially be rolled out to the RX 9000 series, but more information about the launch is expected during the December 10 premier.

On November 13, it was announced that the first feature of FSR “Redstone” was Ray Regeneration, and that it was live in Call of Duty: Black Ops 7, for AMD Radeon RX 9000 Series GPUs.

Source link

U.S. Congress seeks testimony from Australia’s internet regulator

0

Jordan’s letter asked Grant to respond by December 2 to schedule an interview [File]
| Photo Credit: REUTERS

A U.S. congressional committee called on Australia’s internet regulator to testify about the country’s laws governing the internet, calling her a “noted zealot for global takedowns” who “threatens speech of American citizens.”

In a letter dated November 18, U.S. House Judiciary Chair Jim Jordan, a Republican, accused Australian eSafety Commissioner Julie Inman Grant of colluding with pro-censorship bodies by participating in a Stanford University panel of “foreign officials who have directly targeted American speech and represent a serious threat to the First Amendment.”

A number of large internet companies, mostly based in the U.S., have lately protested against a host of Australian online rules, including a social media ban for children under the age of 16.

X owner Elon Musk, a former adviser to U.S. President Donald Trump, has called Grant a “censorship commissar” over her efforts to restrict some social media posts in Australia. He has called the youth social media ban, which will be enforced by Grant’s office starting on December 10, a surveillance tool.

“As a primary enforcer of Australia’s (Online Safety Act) and noted zealot for global takedowns, you are uniquely positioned to provide information about the law’s free speech implications,” Jordan wrote to Grant.

“Your expansive interpretation and enforcement of Australia’s OSA – including your claim of extraterritorial jurisdiction to censor speech outside of Australia – directly threatens American speech.”

Jordan’s letter asked Grant to respond by December 2 to schedule an interview.

Representatives for the eSafety Commissioner were not immediately available for comment. The Australian Broadcasting Corporation quoted a spokesperson for Grant as saying the regulator was doing nothing to restrict what U.S. companies showed to American citizens, adding that she was considering the request.

In the letter, Jordan referred to a 2024 legal battle in which the eSafety Commissioner ordered X to take down posts showing footage of a church stabbing in Sydney that police described as terrorism. The regulator ultimately dropped the case.

The letter said Grant gave a speech at Stanford in September where attendees and panelists included “officials from some of the entities with the worst track records of extraterritorial censorship, including the European Union and Brazil.”

Jordan said Grant hired the California university to evaluate Australia’s social media age restriction, and “these close ties with Stanford are troubling given the university’s past efforts to facilitate U.S. government censorship of lawful American speech.”

Source link

Indians consuming 36 GB mobile data each month

0

Indians consuming 36 GB mobile data each month
| Photo Credit: Special Arrangement

Each active smartphone user in India is consuming 36 GB data per month, highest globally, and is expected to reach up to 65 GB per month by 2031, noted Ericsson’s Mobility Report (EMR).

According to the report, India’s 5G subscriptions will reach 394 million by end of 2025, 32% of total mobile subscriptions, and expected to cross 1 billion by the end of 2031, reaching 79 percent subscription penetration.

Fixed Wireless Access (FWA) demand remains strong in India, with combined Jio and Airtel FWA connections reaching 12 million as of September 2025. Affordable 5G FWA devices and high data consumption among FWA users continue to accelerate India’s data traffic growth.

About 1.4 billion people expected to be served by FWA broadband by the end of 2031, 90 percent via 5G.

It forecasts 6.4 billion 5G subscriptions globally by the end of 2031, comprising two-thirds of all mobile subscriptions at the time. Nearly 4.1 billion of these subscriptions, about 65 percent, are forecast to be 5G SA.

In 2025 alone, 5G subscriptions are expected to top 2.9 billion by the end of the year, equating to about one third of all current mobile subscriptions, an increase of some 600 million subscriptions year-on-year.

Mobile network data traffic grew 20 percent between the third quarter of 2024 and the corresponding period in 2025, driven by mainland China and India.

5G networks are expected to manage 43 percent of all mobile data by the close of 2025, up from 34 percent for the corresponding period last year. EMR forecasts this to increase to 83 percent in 2031. Fixed Wireless Access (FWA) broadband continues to grow as a 5G use case.

EMR expects the first commercial 6G launch could happen in markets like U.S., Japan, South Korea, China, India, and some Gulf Cooperation Council countries. Global 6G subscriptions are forecast to reach 180 million by the end of 2031.

Commercial 6G is expected to launch about a year later in Europe, compared to other countries, than was the case for 5G, primarily due comparably later deployments of 5G SA.

Source link

Lava Agni 4 launched in India with Action Key and VayuAI: Price, features and sale

0

Lava Agni 4 launched in India with Action Key and VayuAI: Price, features and sale
| Photo Credit: Special Arrangement

India’s homegrown smartphone brand Lava on Thursday (November 20, 2025) launched Agni 4 in India, catering to the mid-segment buyers. The new Lava Agni 4 also brings company’s focus on AI with the introduction of VayuAI which can be used to edit, create, summarise, translate and record. The phone also supports circle to search.

Lava Agni has a 6.67-inch 1.5K AMOLED display with a 120 Hz refresh rate, and 2400 nits of peak brightness. The screen supports wet touch and bears an IP64 rating for dust and splash resistance, and is protected by Corning Gorilla Glass.

The Agni 4 is ships with a 5,000 mAh battery supported by a 66W in-box charger.

Lava has used MediaTek Dimensity 8350 5G processor in Agni 4 with 8 GB LPDDR5X RAM and 256 UFS 4.0 storage. The smartphone also supports up to 16GB virtual RAM. It operates on Android 15 out of the box.

(For top technology news of the day, subscribe to our tech newsletter Today’s Cache)

Lava will offer 3 Android and 4 years of security updates to Agni 4.

Lava Agni 4 sports a 50 MP main camera with OIS paired with an 8 MP ultrawide lens. It has a 50 MP selfie camera. Both front and rear cameras support 4K at 60FPS video recording.

The Agni 4 comes with a customisable Action Key with over 100 combinations through short, double, and long press actions. Users can trigger essential functions including camera, torch, vibration mode, apps, and more with it.

Lava Agni 4 will sell Phantom Black and Lunar Mist shades at ₹24,999. It will go on sale on Amazon starting November 25.

Source link

Realme GT 8 Pro Review: Offers character, power and creativity

0

Adding to the short list of Snapdragon 8 Elite Gen 5-powered flagships, Realme has launched the GT 8 Pro, only the second phone after the OnePlus 15 to feature Qualcomm’s most powerful mobile processor yet. It arrives with a 3nm architecture, a dedicated HyperVision+ AI chip, and a 2K 144 Hz HyperGlow display, placing Realme in direct competition with the OnePlus 15 and the Oppo Find X9 Pro. Realme calls this its “best flagship in history,” and this time, the company seems determined to prove it. But powerful specs do not guarantee greatness. The GT 8 Pro must hold its ground against two mature, polished rivals. So the big question is simple: can Realme finally graduate from a performance-first brand to a true flagship contender?

Design

Realme has taken a bold swing with design this year. The GT 8 Pro introduces the world’s first switchable camera bump, a modular island you can swap. It is clever, expressive, and risky. While the OnePlus 15 leans into a refined rectangular housing and the Find X9 Pro embraces a flatter, cleaner look, Realme chooses personality. The Urban Blue variant uses organosilicon leather with photonic nano-carving, creating a matte, paper-like texture. It feels more unique than the OnePlus’s ceramic-grade MAO finish, but also more polarising.

The in-hand feel is balanced, thanks to its dual 2.5D curvature and solid metal frame. Buttons are aligned precisely and the grip is steady, even during long sessions. Despite the massive battery, the weight distribution avoids the top-heavy feel that plagues many large phones. Realme matches the IP68 rating of its rivals, but the OnePlus 15 goes far further with the list of certifications it has. Compared to the Find X9 Pro’s rugged SGS Five-Star build, Realme still sits a step behind on durability, but ahead on creativity.

From the front, however, Realme is finally playing in the big league. The FIAA ultra-thin bezels produce an almost borderless look that rivals the Find X9 Pro’s symmetrical 1.15mm edges. The rounded flat display removes the slippery feel of curved screens, offering a clean, premium front profile. It is a major improvement over last year’s GT 7 Pro, and one of Realme’s most polished front designs yet. But if Realme wants to be taken seriously as a flagship maker, it needs to refine its camera bump idea and reduce the gimmick factor.

(For top technology news of the day, subscribe to our tech newsletter Today’s Cache)

Display

The GT 8 Pro’s display is outright impressive. The 6.79-inch 2K HyperGlow AMOLED panel pushes 144Hz with razor-sharp clarity and rich 10-bit color. Peak brightness hits a staggering 7,000 nits, brighter than the Find X9 Pro’s 3,600 nits and well beyond the OnePlus 15’s 1,800 nits. This is one of the most visible screens outdoors, period.

The 3200 Hz touch response feels instantaneous, and Full DC dimming helps lower eye strain during night use. HDR10+ and Dolby Vision enhance content, while the Circular Polarizer reduces reflections competently. Oppo’s display is more consistent in extreme low-light scenarios with its 1-nit mode and 2160 Hz PWM dimming, but Realme wins the visibility war under the sun. The Ultrasonic fingerprint scanner is fast and accurate, adding to the experience.

For Realme users upgrading from the GT 7 Pro, the jump is dramatic. This is a flagship-class display with real advantages, not just marketing numbers. However, the OnePlus 15 still edges ahead in pure smoothness thanks to its 165 Hz LTPO panel and better adaptive tuning. Where Realme wins in brightness, OnePlus wins in finesse.

OS and AI

Realme UI 7.0 on Android 16 introduces visual improvements and more fluid motion, but it still feels one step behind the polish of OxygenOS 16 and ColorOS 16. The Light Glass Design refreshes icons and menus, while Flux Theme 2.0 brings deeper customisation. Animations are smoother, though not as tight as Oppo’s Luminous Rendering Engine.

The NEXT AI suite adds useful tools like AI Notify Brief for summarised alerts, AI Framing Master for composition help, and AI Gaming Coach for performance insights. These features feel practical, but lighter than the deep contextual intelligence offered by OnePlus’s Plus Mind and Pixel-style data linking. Oppo’s AI Mind Space, paired with the Snap Key, feels more mature and seamlessly integrated.

Realme earns points for cross-ecosystem support. The iPhone and Apple Watch Connect feature is a surprising and welcome addition, offering call sync and health data integration for users who live between platforms. Realme UI 7.0 is a step forward, but next year it needs more cohesion and tighter animations to truly compete with Oppo’s fluidity.

Performance

This is where the Realme GT 8 Pro shows its true strength. The Snapdragon 8 Elite Gen 5, built on TSMC’s 3nm process, delivers serious muscle. Paired with the HyperVision+ AI chip, the GT 8 Pro’s dual-chip architecture boosts real-time processing and gaming responsiveness. The phone scored 3647 in single-core and 10698 in multi-core on Geekbench, with an AnTuTu score of 3,685,578. These are flagship-grade numbers, going head to head with OnePlus 15. Against the Oppo Find X9 Pro, the difference is clearer. Realme comfortably pulls ahead in raw CPU and GPU performance, thanks to Qualcomm’s brute-force architecture and its own thermal tuning. Oppo’s Dimensity platform is more efficient under sustained loads, but the GT 8 Pro is the phone you pick if you want the highest numbers and the most instant power on tap.

The 12 GB LPDDR5X RAM and 256 GB UFS 4.0 storage variant handled everything effortlessly. Heavy multitasking, 4K video editing and long daily workflows ran without hesitation. The Flux Engine improves touch responsiveness over the GT 7 Pro, making the UI feel snappier and more stable.

Gaming is a highlight. The HyperVision+ AI chip enables AI Super Frame and AI Gaming Super Resolution, producing eSports-level smoothness in titles like BGMI and CODM. The 7K Ultimate VC Cooling System keeps temperatures in control, even when playing for over an hour. Compared to the OnePlus 15’s Cryo-Velocity cooler, Realme sustains its performance better over time, although OnePlus still holds an edge in peak GPU stability. Against the Find X9 Pro, Realme simply pushes higher frames for longer. Oppo wins in thermal consistency, but Realme wins in sheer speed.

Camera

Realme’s collaboration with Ricoh GR is more than marketing. The 50 MP IMX906 main sensor, 200 MP HP5 telephoto and 50 MP ultrawide form a capable system, but what elevates it is the GR-inspired shooting philosophy. The Ricoh GR mode produces cinematic, grounded images with excellent tonal balance, and the GR Film Tone profiles add artistic flexibility without artificial exaggeration. Realme also recreates the two classic GR focal lengths, 28mm and 40mm, giving photographers familiar framing options that immediately feel more intentional than typical smartphone crops.

Realme GT 8 Pro camera sample
| Photo Credit:
Haider Ali Khan

A big contributor to this fast-shooting experience is the Super QPD Snap Algorithm, which pre-focuses the frame almost instantly. It behaves like Ricoh’s signature snap-shooting technique: raise the phone, press the shutter, and the image is captured with barely any delay. Combined with Snap Focus Mode, the GT 8 Pro carries forward that street-photography DNA with surprising competence.

Realme GT 8 Pro camera sample

Realme GT 8 Pro camera sample
| Photo Credit:
Haider Ali Khan

Daylight images look natural and crisp. Oppo still leads in dynamic range with its 50 MP Ultra XDR sensor, but Realme produces more realistic tones. Portraits have clean separation and believable skin texture. The OnePlus 15’s DetailMax engine offers more micro-detail, but Realme’s results feel more organic and less processed.

Realme GT 8 Pro camera sample

Realme GT 8 Pro camera sample
| Photo Credit:
Haider Ali Khan

The 200 MP telephoto holds detail well at 3x, 6x and even 12x. Oppo remains the king of extreme zoom with its 120x system and massive sensor, but Realme is not far behind. Night mode impresses with accurate highlights, controlled noise, and realistic shadow handling. The 32 MP front camera captures natural selfies without over-smoothing and supports 4K 60fps video, producing clean footage without aggressive beautification.

Realme GT 8 Pro camera sample

Realme GT 8 Pro camera sample
| Photo Credit:
Haider Ali Khan

This is Realme’s best camera system yet, expressive, fast and honest delivering a distinct and enjoyable photographic style that finally gives Realme an identity in imaging.

Battery

The 7,000 mAh Titan battery is a major highlight. It improves upon the GT 7 Pro’s 6,500 mAh pack while keeping the form factor manageable. Real-world endurance is solid: a day and a half with heavy use and two days under moderate load. Gaming drains around 12 to 13 percent per hour, which is reasonable given the display brightness.

Charging is fast. The 120W Ultra Charge fills the phone from 0 to 50 percent in 15 minutes and to 100 percent in 43 minutes. The addition of 50W wireless charging is a first for Realme. Compared to rivals, the GT 8 Pro sits between the OnePlus 15’s 7,300 mAh battery and the Find X9 Pro’s class-leading 7,500 mAh silicon-carbon pack. But Realme charges faster than both. Thermal control during charging is excellent.

Verdict

The Realme GT 8 Pro is the brand’s most confident flagship yet. It mixes bold design with serious hardware, a stunningly bright display and a camera system that finally feels distinctive. It does not outperform the OnePlus 15 in refinement or the Find X9 Pro in computational depth, but it does something more interesting. It gives Realme an identity.

The switchable camera bump is ambitious, though divisive, and the software still needs polish. But the GT 8 Pro proves Realme can build a flagship that stands shoulder to shoulder with the big players. With a starting price of ₹72,999, the phone offers character, power and creativity and earns its place in the 2025 flagship conversation.

Source link

Realme GT 8 Pro with Ricoh GR tuned camera and modular camera deco launched in India

0

Realme GT 8 Pro with Ricoh GR tuned camera and modular camera deco launched in India
| Photo Credit: Special Arrangement

Realme on Thursday (November 20, 2025) launched GT 8 Pro premium flagship smartphone in India featuring Ricoh GR tuned lenses along with a modular camera design and a 200 MP telephoto camera.

Realme GT 8 Pro features a 6.79-inch 2K HyperGlow AMOLED display with a 144 Hz refresh rate and 7,000 nits of peak brightness. It is IP68 rated as well for water protection.

Realme GT 8 Pro ships with a 7,000 mAh battery along with a 120W charger included in the box. It will also support up to 50W wireless charging and reverse charging.

Realme has used Snapdragon 8 Elite Gen 5 processor with up to 16 GB RAM and 512 GB storage. It operates on UI 7.0 based on Android 16 out of the box.

(For top technology news of the day, subscribe to our tech newsletter Today’s Cache)

Realme GT 8 Pro sports a 50 MP main camera along with a 50 MP ultrawide lens and a 200 MP telephoto camera. It has a 32 MP front camera.

Realme GT 8 Pro will come with a switchable camera bump that can be detached and replaced with round, square, robot-theme fitting. Users can unscrew the original camera bump, pick their preferred one, and confirm the fit with a precise lock-in click.

Realme GT 8 Pro will come in Diary White and Urban Blue colours and starts at ₹72,999 for 12 GB/256 GB variant. The 16 GB/512 GB unit costs ₹78,999. It will go on open sale from November 24 across Realme, Flipkart and retail stores.

Source link

Assassin Creed’s Ubisoft says it will resume trading by Friday

0

Late last year, rumours surfaced that Ubisoft was talking to Chinese tech giant Tencent, which took a stake in the French company in 2018 [File]
| Photo Credit: REUTERS

Ubisoft will resume trading on the Paris Stock Exchange by Friday at the latest and will release its first-half results by then, the maker of “Assassin’s Creed” said Wednesday.

The French video game company, whose stock has plunged nearly 50 percent since the beginning of the year, was suspended last Friday after announcing the previous day that it was postponing publication of its results for the first half of its 2025-2026 fiscal year.

While the group has not officially given a reason for postponing its results, CFO Frederick Duguet told employees in an internal email that Ubisoft needed “additional time to finalise the closing of the first half of the year” and that the request to suspend trading was intended to “limit unnecessary speculation and market volatility during this short period.”

The French publisher is one of the largest video game companies in the world, with some 17,000 employees. Its catalogue includes “Assassin’s Creed,” “Far Cry,” and “Just Dance.”

The move sparked speculation over whether Ubisoft is gearing up for a major announcement, possibly a takeover, with the gaming industry hit by a slowdown after the end of the Covid-19 pandemic .

Late last year, rumours surfaced that Ubisoft was talking to Chinese tech giant Tencent, which took a stake in the French company in 2018.

Since 2023, the French publisher has been pursuing a cost-cutting plan that has already led to the closure of several studios abroad and the departure of more than 3,000 employees.

Its market capitalisation, which reached as high as 11.8 billion euros in 2018, now stands at just 910 million.

Source link

Spain to probe Meta for alleged privacy breaches, says Prime Minister

0

Data was allegedly collected about the web pages users visited on browsers and was then linked to their identity on Facebook and Instagram apps [File]
| Photo Credit: REUTERS

Spain’s Prime Minister Pedro Sanchez on Wednesday said Spain would investigate Facebook owner Meta for allegedly violating millions of users’ privacy, summoning the U.S. tech giant to answer before parliament.

An investigation by Spanish, Belgian and Dutch experts found that Meta, which also owns Instagram and WhatsApp, used a “hidden mechanism” for almost a year to track the internet activity of Android device users, Sanchez’s office said in a statement.

Data was allegedly collected about the web pages users visited on browsers and was then linked to their identity on Facebook and Instagram apps, even when internet surfers were in incognito mode or connected via a VPN.

The practices potentially broke several EU data protection and digital services laws, with Meta already facing lawsuits in Canada, Germany and the United States, the statement added.

Sanchez told a forum in Madrid that Meta executives would be summoned to the Spanish parliament’s economic affairs and digital transformation committee over the case.

The company would have to “clarify what happened” and “guarantee that the rights and freedoms of citizens were not systematically and massively violated”, said Sanchez. “The law is above any algorithm or any big tech platform.”

A Meta spokesperson said in a statement that the company took privacy “very seriously” and provide “a range of tools to help people control how their data is used”.

“We look forward to engaging constructively with the authorities on this matter,” they said.

Sanchez has been outspoken in favour of regulating and holding social media accountable in debates about disinformation and the influence of the platforms’ wealthy owners.

He has urged Europe to fight back against a new tech “caste” seeking to control Western governments through their social media platforms.

In January, he proposed ending anonymity for social media users and forcing tech tycoons to provide accountability if their platforms “poison society”.

Source link

Trump’s economy depends on AI for growth, a reality made clear in Saudi crown prince’s U.S. visit

0

U.S. President Donald Trump is increasingly counting on the tech sector and the development of artificial intelligence to deliver on his economic agenda, a reality laid bare this week as he hosted Saudi Arabia’s Crown Prince Mohammed bin Salman.

The crown prince has committed to invest $1 trillion with U.S. companies, a pledge that is largely about using Saudi Arabia’s oil and natural gas reserves to pivot his nation into becoming an AI data hub.

“We will work closely with friends and partners like those in this room to build the largest, most powerful, most innovative AI ecosystem in the world,” Trump said at the U.S.-Saudi Investment Forum on Wednesday.

Sitting in the front row of the audience at the Kennedy Center were Nvidia co-founder Jensen Huang and tech billionaire Elon Musk.

Trump took credit for the new investments and stock market performance this year — both of which have been a function of the AI buildout. For all of Trump’s claims that his tariffs are generating new investments, much of that foreign capital is going to data centers for AI’s computing demands or the power facilities needed to run those data centers.

The president called the stock market gains “amazing,” yet leading stock indices fell Tuesday over growing anxiety about whether AI companies are fueling a broader financial bubble.

There are also growing political risks for Trump if the AI buildout further pushes up utility prices for American consumers or if the jobs he promises in the sector fail to materialise.

The consultancy Oxford Economics released an analysis Tuesday that said AI investments offset the “extreme uncertainty” in the U.S. economy this year — uncertainty caused in part by Trump’s tariff hikes that have elevated inflation and potentially contributed to a slowdown in hiring.

The firm noted that AI companies are starting to rely on debt to pay for the growth in the sector, which could suggest “a more vulnerable phase” next year for the boom.

The race for investments is evidenced in Saudi Arabia’s own commitments, which rose from $600 billion during Trump’s visit there in May to $1 trillion when Prince Mohammed came to the White House on Tuesday.

Trump said he’s already pushed Prince Mohammed to increase that figure, saying he lobbied the de facto ruler of Saudi Arabia backstage before their appearance at the Kennedy Center.

“While we were taking the picture, I said, ’Could you make it $1.5 trillion?’” Trump said. “So he’s got something to think about.”

When Blackstone Group CEO Stephen Schwarzman was asked at the forum what the most important growth stories were at the summit, the billionaire investor said, “AI and, you know, power.”

“Those are the two things that we spend a lot of time on,” he said. “At Blackstone, my company, we’re the largest developer, the largest owner, of data centers in the world. And this is a really explosive area.”

Tareq Amin, CEO of Humain, said his Saudi-backed AI company was launched when Trump visited the Middle Eastern nation in May. His company saw the opportunity to build data centers and AI infrastructure by leveraging Saudi Arabia’s energy production and U.S. technology.

“Yes, it is an ambitious, crazy thing,” Amin said with confidence.

Musk, whose xAI company has a chatbot called Grok, predicted that AI and robots would eventually allow work to become optional for human beings, that money would become “irrelevant” and poverty would cease to exist.

“AI and humanoid robots will actually eliminate poverty,” said Musk, the head of Tesla and SpaceX. He added that robots would “make everyone wealthy.”

Nvidia’s Huang, appearing on stage with Musk, did not make as bold a prediction. He said: “Everybody’s jobs will be different. I think that that’s for sure.” Huang spoke ahead of the $4.5 trillion computer chip company announcing its quarterly earnings Wednesday. The company afterward reported strong earnings for its third quarter with net income climbing 65% from a year ago.

During Trump’s remarks, the president asked Huang if any other country could compete with its Blackwell chip that is enabling much of the AI development.

“Not yet, sir,” said Huang from the front row.

Published – November 20, 2025 10:34 am IST

Source link