The deals stand to enrich tech CEOs substantially by opening up new audiences for their products

On his tour of the Middle East this week, Donald Trump announced a slew of multibillion-dollar tech deals with the leaders of Saudi Arabia, the United Arab Emirates and Qatar. With the sale of the US’s most advanced technology, he also sold the American model of the industry that made it: enormous amounts of power concentrated in the hands of a few men.

The announcements poured in last week: the US and the United Arab Emirates agreed on Abu Dhabi as the site of the largest artificial intelligence campus outside the US. The deal reportedly allows the UAE to import half a million Nvidia semiconductor chips, considered the most advanced in the world for the creation of artificial intelligence products. Saudi Arabia struck a similar deal for semiconductors, obtaining the promise of the sale of hundreds of thousands of Nvidia Blackwell chips to Humain, an AI startup owned by its sovereign wealth fund. Cisco said it had signed a deal with a UAE AI firm to develop the country’s AI sector. The agreements also directed some investment by Saudi firms into US technology and manufacturing. Amazon Web Services and Qualcomm likewise announced deals on cloud computing and cybersecurity.