Mistral, a maker of large language AI models based in France, counts Sanabil, a tech arm of the Saudi Public Investment Fund, among its investors

The state oil company said its investment arm, XRG, has grown in value to $151 billion and will target new deals in chemicals, gas and renewables

The agreements were facilitated by U.S. government approval for selling advanced Nvidia chips to both Riyadh-based Humain and Abu Dhabi 's G42

Crown Prince Mohammed bin Salman hailed ties between the two countries after saying Saudi investment in the U.S. could reach close to $1 trillion

Virtually every member of the Saudi cabinet, senior officials from the Public Investment Fund and CEOs from state companies are in the entourage