How Donald Trump’s ‘historic’ Gulf state deals benefit a handful of powerful men

theguardian.comPublished: 5/17/2025

Summary

Donald Trump surprised the world by revealing massive multibillion-dollar tech deals with Saudi Arabia, the UAE, and Qatar during his Middle East tour. The announcements included selling advanced technologies like AI chips from Nvidia and semiconductor chips, poised to reshape global tech power dynamics. Key figures involved in negotiations included Sam Altman of OpenAI, Jensen Huang of Nvidia, and Elon Musk, whose influence extended into Saudi Arabia through Starlink satellite internet. However, these deals raise geopolitical concerns, particularly China's potential involvement, as Trump framed them as historic investments despite Biden's restrictive stance on U.S.-led tech sales.