President Donald Trump said the US would explore normalizing relations with Syria after the toppling of longtime autocrat Bashar al-Assad, doubling down on a pledge to lift sanctions against the country’s new government. Trump spoke after a brief meeting in Saudi Arabia’s capital with Syrian President Ahmed al-Sharaa. Trump’s Middle East visit has also opened a floodgate of AI deals. The Trump administration is clearing a path for two key Persian Gulf allies to pursue their artificial intelligence ambitions — and some of the biggest US tech companies are seizing on that opening with plans to spend billions of dollars in the region.
Under agreements with the US expected to be unveiled in coming days, Saudi Arabia and the United Arab Emirates are poised to win wider access to advanced AI chips from Nvidia and Advanced Micro Devices that are considered the gold standard for running AI models.
Today’s guests: Arend Kapteyn, UBS Global Head of Economics and Strategy Research, Kamakshya Trivedi, Goldman Sachs Head of Global Foreign Exchange, Interest Rates & Emerging Market Strategy.
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse With Francine Lacqua
00:00:47 – Trump’s Mideast Visit Opens Floodgate of AI Deals Led by Nvidia
00:08:46 – Arend Kapteyn, UBS Investment Bank Economics & Research Globa Head
00:13:07 – Trump Says US Exploring Normalizing Relations With Syria
00:17:37 – Trump: Will be Dropping Sanctions on Syria
00:22:20 – Trump: Hope to Add More Countries to Abraham Accords
00:29:45 – Kamakshya Trivedi: Goldman Sachs Global FX, Rates & EM Strategy Head
00:33:02 – Trivedi: US Exceptionalism Eroding
00:38:23 – NATO Sketching Out Plan to Meet Trump Call For 5% on Defense: Sources
00:41:27 – Marcon Calls For More Pressure on Israel Over Gaza Actions
00:46:23 – Nvidia, AMD to Sell AI Chips to Saudi Arabia
00:48:31 – Burberry to Cut up to 1,700 Roles
00:51:18 – Credit Suisse Bonuses Were Unfairly Denied, Swiss Court Says
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