President Donald Trump is increasingly relying on the technology sector and the development of artificial intelligence to drive economic growth, a strategy highlighted during his meeting with Saudi Arabia's Crown Prince Mohammed bin Salman. The crown prince pledged to invest $1 trillion with American companies, aiming to transform Saudi Arabia into a global hub for artificial intelligence data by leveraging its vast energy resources. Trump celebrated these investments and the stock market's performance, attributing much of the recent gains to the rapid expansion of artificial intelligence infrastructure, though concerns remain about the sustainability of this boom and its broader economic impact.

Leading technology figures such as Jensen Huang and Elon Musk attended the U.S.-Saudi Investment Forum, underscoring the central role of artificial intelligence in current economic strategies. While Trump touted the benefits of foreign investment and technological advancement, experts warned of potential risks, including rising utility costs and the possibility that promised jobs may not materialize. Analysts also noted that artificial intelligence companies are increasingly turning to debt to finance growth, suggesting a more vulnerable phase ahead for the sector.

The race for investment was evident in Saudi Arabia's escalating commitments, which increased from $600 billion to $1 trillion during the crown prince's visit. Trump indicated he is pushing for even greater investment, while industry leaders emphasized the explosive growth of data centers and artificial intelligence as key drivers of the economy. Despite bold predictions about the future of work and wealth, there are lingering questions about the long-term effects of artificial intelligence on employment and financial stability.