Silicon Valley’s Bad Bet on the Gulf
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When President Donald Trump returned from a trip to the Gulf in May 2025, he trumpeted $2.2 trillion in bilateral deals the United States had signed with Qatar, Saudi Arabia, and the United Arab Emirates. In addition to defense and economic partnerships, a significant share of those deals addressed artificial intelligence—and, specifically, building American AI infrastructure in the Gulf. The proposition for American technology companies was compelling: abundant cheap energy, access to capital
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