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AI Arms Race Shifts to Riyadh with U.S.-Saudi Tech Forum and Major Industry Updates
The next battleground in the AI arms race isn’t Beijing—it’s Riyadh, at least according to Wedbush. A new memo from the firm, released early Wednesday, described this week’s U. S. -Saudi forum as a significant bullish shift in the global tech power landscape. President Donald Trump arrived in the Saudi capital on Tuesday to a grand reception, escorted by six Royal Saudi F-15 fighter jets. On site, he was joined by a stellar lineup from the U. S.
tech world, including Nvidia CEO Jensen Huang, Amazon (AMZN) CEO Andy Jassy, OpenAI CEO Sam Altman, and Alphabet’s (GOOGL) CFO Ruth Porat. Read More Google (GOOGL) is making a rare modification to its search page—and it’s doing so to accommodate AI. The search behemoth is experimenting with a feature that places an “AI Mode” button right beneath the search bar. This new button replaces the traditional “I’m feeling lucky” option, which typically sends users directly to the top search result instead of displaying a list of choices. Read More Apple is facing a tough 2025. The company that once dominated tech for over ten years is now grappling with difficulties on three crucial fronts: a damaging legal loss that could disrupt its App Store business model, rising tariff expenses cutting into profits, and major delays in its AI initiatives allowing competitors to overtake it. Read More
Brief news summary
Wedbush highlights Riyadh, not Beijing, as the new battleground in the AI arms race, emphasizing the recent U.S.-Saudi forum as a pivotal shift in global tech power. President Donald Trump's visit to Saudi Arabia included a high-profile delegation of U.S. tech leaders such as Nvidia’s Jensen Huang, Amazon’s Andy Jassy, OpenAI’s Sam Altman, and Alphabet’s Ruth Porat, signaling strong collaboration. Meanwhile, Google is innovating its search interface by testing an “AI Mode” button aimed at integrating AI more prominently, replacing the classic “I’m feeling lucky” feature. In contrast, Apple faces a challenging 2025, grappling with a major legal setback threatening its App Store model, increased tariff expenses impacting profits, and delays in advancing its AI initiatives—allowing competitors to surge ahead. These developments collectively illustrate the dynamic and rapidly evolving landscape of global tech competition.
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