Mike Sheppard

It was announced just as President Donald Trump arrived in the Middle East for a high profile visit, high stakes visit with golf leaders.

And they are now deepening this partnership already.

In November, Humane announced with XAI that it would develop a 500-megawatt data center in Saudi Arabia.

And this just furthers that partnership.

And as a result of this investment, of course, they end up now with a stake in the much larger combined SpaceX, which now counts XAI as a subsidiary.

And Humane is also looking to deploy more of XAI's technology, including the Grok chatbot across Saudi Arabia, giving Elon Musk access to a key market that it could see develop going forward.

And, of course, possibly more access to funding as his larger combined venture moves forward.

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Well, it's looking at Singapore, Ed, and this is over a 10-year period, a $24 billion investment there.

And what they're looking at specifically is so-called NAND memory.

And this is something that is in demand to meet the needs of artificial intelligence chips and processors more broadly.

And it's an area of focus because for AI, the memory needs are enormous and they are not fully being met.

Of course, Micron competes with Samsung and SK Hynix in this memory market.

And all three companies have warned of increasingly tight supplies.