{"id":137168,"date":"2024-09-12T21:00:16","date_gmt":"2024-09-12T18:00:16","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137168"},"modified":"2024-09-12T15:06:55","modified_gmt":"2024-09-12T12:06:55","slug":"us-may-approve-nvidias-chip-export-to-saudi-arabia-potentially-boosting-ai-crypto-prices","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/us-may-approve-nvidias-chip-export-to-saudi-arabia-potentially-boosting-ai-crypto-prices\/","title":{"rendered":"US May Approve Nvidia\u2019s Chip Export to Saudi Arabia, Potentially Boosting AI Crypto Prices"},"content":{"rendered":"

The chips in question<\/a><\/strong> would greatly enhance Saudi Arabia\u2019s ability to develop and deploy sophisticated AI models. This topic has surfaced as a significant, though unofficial, point of discussion at the GAIN global AI summit hosted in Saudi Arabia.<\/p>\n

According to a Reuters report, Saudi Arabia is keen on acquiring Nvidia\u2019s latest AI chips, the H200s, and is working to meet US security requirements to speed up the purchase. This effort comes amid US attempts to limit China\u2019s access to such advanced technologies, positioning Saudi Arabia strategically between these two global powers. While the Kingdom is focusing on US technology, it is also keeping options open with China if needed.<\/p>\n

Despite a recent 15% drop in its stock price, Nvidia remains a strong player in the AI and data center markets, with high demand for its advanced GPUs and technologies like Hopper and Blackwell. This ongoing interest has sparked a rally in AI-related cryptocurrencies, reflecting growing investor confidence in the sector.<\/p>\n