The article discusses a weeklong event where tech insiders and Saudi leaders convened in Washington, D.C., to further the AI bubble. The highlight was a lavish White House party honoring Crown Prince Mohammed Bin Salman (MBS), where President Trump praised the monarch despite acknowledging his role in the murder of journalist Jamal Khashoggi. This gathering showcased the close ties between Trump’s administration and the Saudi monarchy, characterized by a transactional relationship built on oil and military support.
The event featured prominent figures from tech and finance, including Elon Musk and Nvidia CEO Jensen Huang, who are integral to the burgeoning AI industry sustained by Saudi investment. The AI bubble’s growth relies on interlinked financial arrangements, raising concerns about its sustainability amidst insufficient revenues. Despite this, MBS promised substantial U.S. investments, drawing parallels with earlier extravagant pledges that often serve to distract from the troubling social and economic conditions in both nations.
Overall, the article critiques the spectacle of the event as emblematic of how the political and economic elite are steering the economy toward collapse, with Trump’s flippant remarks about human rights abuses highlighting a disturbing trend of amoral governance.
