Power Plays, Chips, and Global Ambitions

From Saudi Arabia's massive AI fund to Nvidia's export challenges, this Thursday's tech landscape is shifting dramatically. What secrets are unfolding behind the scenes? Dive in and unravel the mysteries.

(Read Time: 5 Minutes)

Today's Edition

• Top Stories

  • Saudi Arabia's Ambitious AI Venture - Humain and I …

  • Nvidia Faces Major Revenue Loss Due to Chip-Export …

  • Google's Stitch - The New Frontier in Vibe Coding

• Editor’s Picks

• Featured AI Jobs

Overview of Humain's Vision

Saudi Arabia is making a bold move in the artificial intelligence sector with the launch of Humain, a state-owned company. Humain aims to position the kingdom as a global AI hub by establishing a $10 billion venture capital fund. The CEO, Tareq Amin, is actively seeking partnerships with major US tech firms like OpenAI and xAI, focusing on building a robust data center infrastructure. The goal is to become one of the largest providers in the AI industry, leveraging the kingdom's financial resources to invest in technology and talent.

Key Details of the Initiative

• Humain Ventures will kick off with an initial investment of $10 billion, targeting startups in the US, Europe, and Asia.

• The company aims to establish 1.9 gigawatts of data center capacity by 2030, expanding to 6.6 gigawatts by 2034.

• Humain has already secured $23 billion in deals with prominent tech firms like Nvidia and AMD.

• The company is committed to allowing real-time audits for data privacy and plans to offer competitive electricity subsidies to attract data centers.

Significance of Humain's Strategy

The establishment of Humain is a critical step for Saudi Arabia as it seeks to diversify its economy away from oil dependence. By investing heavily in AI, the kingdom hopes to emerge as a leader in technology and innovation. This initiative not only aims to boost the local economy but also positions Saudi Arabia as a key player in the global AI landscape. As US tech companies look for opportunities in the Gulf, Humain's partnerships could lead to significant advancements in AI infrastructure and capabilities.

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Overview of the Situation

Nvidia's recent earnings report reveals significant financial impacts from U.S. chip-export restrictions, particularly affecting its sales in China. The company reported a $4.5 billion charge in the first quarter of fiscal year 2026 due to licensing rules that prevent it from selling its H20 AI chip to Chinese companies. This disruption has not only led to immediate financial losses but is also expected to continue affecting Nvidia's revenue in the coming quarter.

Key Financial Impacts

• Nvidia incurred a $4.5 billion charge in Q1 due to export restrictions.

• An additional $2.5 billion in potential revenue from H20 chips could not be realized.

• The company anticipates an $8 billion revenue hit in Q2, which is projected to be around $45 billion.

• CEO Jensen Huang emphasizes the importance of the Chinese market for AI and the challenges posed by U.S. policies.

Importance of the Chinese Market China represents one of the largest AI markets globally, with a vast pool of researchers and developers. Nvidia's inability to sell its products there limits not only its growth but also the competitive edge of American technology on a global scale. Huang warns that U.S. restrictions may inadvertently strengthen Chinese chip makers while undermining American firms. The ongoing debate highlights the tension between national security and technological leadership in the evolving AI landscape.

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Overview of Vibe Coding and Google Stitch

Vibe coding is a revolutionary trend in technology that utilizes AI for coding tasks. It challenges traditional coding by focusing on the end product rather than the coding process itself. Google has introduced Stitch, a new platform designed to create user interfaces (UIs) quickly and efficiently using just one prompt. Currently in beta, Stitch aims to compete with established coding tools from companies like Microsoft and AWS. Early feedback from developers has been mixed, with some praising its capabilities, while others criticize its limitations.

Key Features of Google Stitch

• Stitch allows users to build dashboards or apps by describing their desired look and feel, generating HTML and CSS instantly.

• The platform offers two modes: a standard mode for general use and an experimental mode that lets users upload visual elements for more tailored results.

• Users can create multiple design variants to refine their interfaces, making it a helpful tool for quick drafts and prototypes.

• Despite some positive feedback, users have noted that the platform lacks the polish of existing tools and has limitations in editing options and design quality.

Significance in the Tech Landscape

The introduction of Stitch highlights a shift towards AI-driven coding solutions. As companies like Google, Microsoft, and AWS compete in this space, the demand for efficient coding tools will likely grow. While Stitch shows promise, it faces challenges in matching the quality of established platforms. The evolution of vibe coding could reshape how developers approach programming, making it more accessible to non-coders and enhancing productivity in tech development.

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• The future of AI is a blend of human biology and advanced technology, reshaping creativity and ethics.

• Odyssey's AI model allows users to interact with streaming video in real-time.

• Anthropic's Claude AI can alert authorities about immoral actions, raising ethical questions.

• Getty Images is suing Stability AI for allegedly copying millions of images without permission.

• AI is significantly reducing the hiring of recent graduates at major tech firms.

• One in three Gen Z consumers now make purchasing decisions based on AI-generated influencers.

• Spott has raised $3.2 million to create an AI-driven recruitment platform that integrates workflows and automates processes.

• Horizon3.ai aims to raise $100 million in funding to enhance its cybersecurity tools.

• AMD’s acquisition of Enosemi enhances its AI capabilities with silicon photonics.

• Context aims to revolutionize office productivity with AI-powered tools.

• Atomic Canyon is using AI to streamline document management in nuclear power plants.

• Productivity is not about being busy; it’s about meaningful engagement and value creation.

• Discover how to harness AI as a collaborative partner to boost your productivity.

• Two romantasy authors face backlash after AI prompts found in their works.

• The takedown of DanaBot highlights the transformative role of agentic AI in cybersecurity.

• Director of Program Management - AI & HPC Cluster Deployment

  AMD · Santa Clara, CA (Hybrid)

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