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Trump Wins Saudi Pledge to Boost US Investment to $1 Trillion

Mohammed bin Salman pledged to increase Saudi investment to $1 trillion. The original $600 billion plan envisioned expanded Saudi trade and investment over four years, spanning energy, infrastructure, technology and defense cooperation. Recent deals linked to the pledge already include huge orders for U.S. weapons and advanced artificial-intelligence hardware, as Saudi-backed firms sign agreements with chipmakers and cloud providers to build data centers and AI hubs.  The money is expected to land in U.S. factories, energy projects, construction, and cutting-edge tech. Trump Wins Saudi Pledge to Boost US Investment to $1 Trillion | Newsmax.com

The AI Cold War That Will Redefine Everything By Josh Chin and Raffaele Huang

China’s leaders were anxious and frustrated. The world’s most promising new technology was being dominated by OpenAI, Google and other American companies. The U.S. still has a clear lead, producing the most powerful AI models. China can’t match it in advanced chips and has no answer for the financial firepower of private American investors, who funded AI startups to the tune of $104 billion in the first half of 2025, and are gearing up for more. But it has a massive population of capable engineers, lower costs and a state-led development model that often moves faster than the U.S., all of which Beijing is working to harness to tip the contest in its direction. The U.S. still has a clear lead, producing the most powerful AI models. China can’t match it in advanced chips and has no answer for the financial firepower of private American investors, who funded AI startups to the tune of $104 billion in the first half of 2025, and are gearing up for more. But it has a massive population of capable engineers, lower costs and a state-led development model that often moves faster than the U.S., all of which Beijing is working to harness to tip the contest in its direction.  Both countries are driven as much by fear as by hope of progress and believe market share for their companies across the world is up for grabs—and with it, the potential to influence large swaths of the global population. The AI Cold War That Will Redefine Everything – WSJ

Trump Meets with Xi, Declares Immediate Cut to Tariffs by Josh Chin Follow and Meridith McGraw

U.S.-China summit offers relief to both sides while high-stakes rivalry carries on. President Trump and Chinese leader Xi Jinping emerged from their first face-to-face meeting in six years with a temporary truce in the bruising trade fight between the two superpowers. Their agreement lowers immediate tensions between the U.S. and China, which have been locked for months in a bitter struggle over trade and technology that has hurt both their economies. The agreement includes a reduction in stiff U.S. tariffs on Chinese goods in exchange for a pledge by China to crack down on the trade in the chemicals used to produce fentanyl. China also promised to ease the exports of rare earths—minerals that Western manufacturers rely on to make a range of goods. And Beijing promised to buy “tremendous amounts” of American soybeans.  Trump Meets With China’s Xi, Declares Immediate Tariff Cut – WSJ

US and Australia Sign Critical-Minerals Agreement

President Donald Trump and Australian Prime Minister Anthony Albanese signed a critical-minerals deal at the White Houseon Monday as the U.S. eyes the continent’s rich rare-earth resources at a time when China is imposing tougher rules on exporting its own critical minerals abroad. The two leaders described the agreement as an $8.5 billion deal between the allies. Trump said it had been negotiated over several months. Earlier this month, Beijing announced that it will require foreign companies to get approval from the Chinese government to export magnets containing even trace amounts of rare-earth materials that originated from China or were produced with Chinese technology. The Trump administration says this gives China broad power over the global economy by controlling the tech supply chain. US and Australia Sign Critical-Minerals Agreement – electrifiED

ABB to Invest Additional $110M in US Manufacturing

ABB announced today that it will invest a further $110 million in the United States in 2025 to expand the R&D and manufacturing of its advanced electrification solutions as customers focus on improving energy efficiency and uptime while reducing their energy costs and will create nearly 200 new jobs . ABB will invest $15 million to create a new production line for Emax 3 in its Senatobia, Mississippi site. A $30 million project will double the footprint of ABB’s Richmond, Virginia facility adding a new test center, warehouse and new assembly lines. In Arecibo, Puerto Rico, an investment of more than $30 million will increase the size of the facility to accommodate three new production lines. A $35 million investment will increase the capacity of ABB’s manufacturing facility in Pinetops, North Carolina. From 2022-2024, ABB invested around $500 million in its US business. ABB has a presence in all 50 states. Today, approximately 75-80% of the revenues ABB generates in the US are from products manufactured in the US. ABB to Invest $110M in US Manufacturing – tEDmag

U.S. and Israel Pledge to Work Together to Unleash AI Innovation

The Memorandum of Understanding (MOU)  highlights the transformative potential of AI to improve the security and resilience of America and Israel’s energy systems. The two countries further announced their intent to pursue cooperation in areas including analyzing the impact of rising energy demand due to data centers, opportunities for grid optimization, enhanced AI-enabled cybersecurity tools, sharing best practices on the use of AI in energy infrastructure, and the launching of bilateral pilot projects. U.S. and Israel Pledge to Work Together to Unleash AI Innovation – electrifiED

Big Tech’s Next AI Bet Is A ‘Watershed Moment,’ Analyst Says — And a $1 Trillion Opportunity by Shannon Carroll

At the core of this strategy is a growing alliance between Gulf governments and U.S. technology companies. The Middle East could rapidly become the next major frontier for artificial intelligence, and U.S. tech giants are lining up to cash in. Nvidia, Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOGL), Palantir (PLTR), and Tesla (TSLA) are all positioning themselves in the region to be key players in what could be full-throttle AI buildout. In what Wedbush analysts are calling a “watershed moment” for Big Tech, recent developments in the region mean the AI boom might be rapidly shifting its center of gravity. A wave of investment in AI infrastructure across Saudi Arabia and the United Arab Emirates is signaling an acceleration in U.S. tech companies’ expansion abroad. According to a Monday note from analysts led by Dan Ives, the region is poised to become one of the most important global markets for AI over the next decade, potentially adding over $1 trillion.  Big Tech’s next AI bet is a ‘watershed moment,’ analyst says — and a $1 trillion opportunity

US, Saudi Arabia Agree on Energy & Critical Mineral Deals

The MOU also highlights the intent to collaborate in various fields including petroleum refining and refined products trading, electricity generation technologies and energy storage systems, and artificial intelligence projects to accelerate deployment of energy-driven innovations. The two sides also outlined areas for cooperation on civil nuclear energy, including safety, security, and nonproliferation programs; vocational training and workforce development; U.S. Generation III+ advanced large reactor technologies and small modular reactors; uranium exploration, mining, and milling; and safe and secure nuclear waste disposal.  The signings coincided with President Trump’s announcement that he secured a $600 billion investment commitment from Saudi Arabia.  US, Saudi Arabia Agree on Energy & Critical Mineral Deals – electrifiED

Division Isn’t So Bad by Andy Kessler of Wall Street Journal

American culture is built on division. Left vs. Right, Coke vs. Pepsi, Ohio State vs. flag-planting Michigan, Classico vs. Rao’s, Red Sox vs. Yankees. Kanye West vs. Taylor Swift.

Maybe you’re tired of it, but you can’t get rid of division. Donald Trump has said, “The discord and division in our society must be healed.” Good luck with that. Then again, Joe Biden said we have to choose “between unity and division.” It never happened because it isn’t in any politician’s interest to heal divides. So we get “the vast right-wing conspiracy” and “own the libs.” Division is here to stay. The rest of us need to learn how to deal with it. The Biden years encouraged division by identity for the pursuit of power. It ended up costing Democrats the election. The Trump 2.0 years will probably be about division by nativism—we were here first. Or we made stuff here first. Yes, “decentering whiteness” vs. tariffs. Voters chose. Hey, you can’t have it all. Sadly, anxiety often wins out.

Former comedian Ellen DeGeneres, perhaps stressed by Trump trauma, moved to London. Cheerio. Others have reportedly threatened, in her designed-in-California iPhone. Plus, sprinkled throughout her dialogue were familiar expressions: “Bada boom.” including America Ferrera, Sharon Stone, Cher and Sophie Turner (isn’t she British?). Fine, they can read daily New York Times tantrums on their iPads from Saskatchewan. I hear it’s nice this time of year. Others have retreated to comfortable echo chambers. Former Elon Musk fanboys— now haters—have debarked for Bluesky, a Twitter alternative, which almost advertises in its name: No red rhetoric here. Some simply unplug.

CNN and MSNBC audiences are plummeting. Many will play Wordle for four years. But it’s better if everyone stays engaged. Despite, or maybe because of, our differences, America is still the greatest country and pulling away. We’re so free we can argue about our differences without the threat of being arrested. Our envious stock market has left the rest of the world in the dust. China seems to be languishing. In the European outdoor museum, few work. They sit at cafes and caffeinate all day. The U.S. sets the tone for the rest of the world. Not only by paying for the North Atlantic Treaty Organization and the United Nations but culturally. Even spiritually. On a visit to Kraków, Poland, my wife and I used the very American Airbnb to book a food tour. Highly recommend. Our guide was an engaging and overcaffeinated 20-something who couldn’t let go of “What were you thinking?” “Could I be any more hungry?” It took a few minutes before I realized her words and mannerisms were straight from the American TV show “Friends.” It’s the new “Sesame Street” for learning English. dd

When disagreeing, learn to move on from the argument and think ‘let them.’ Yes, the world devours our culture and incorporates it into their own. Same for the internet. Detractors like to call this “digital colonialism.” (Of course they do— anything to have America as an oppressor.) But no one forced our guide to speak “Friends.” This country is strong precisely because we don’t all think the same way. New ideas come from new ways of thinking. When you vote, you get some of what you want but not everything. Life is about compromises. The extremes of the left and right make the most noise, but we’re still governed from the center. Our political divisions today might seem like the Grand Canyon, but pre-1989 Berlin was about real and quite literal divides. Ours are wafer thin in comparison. For those who don’t like Donald Trump: Get over it. Stop threatening to leave.

Many didn’t like the Obama years. I cringed with every utterance of the socialist concept of equity during the Biden years. People dealt and moved on. You can too. Think of saying to yourself, “Let it be.” Yes, words of wisdom. Or as billion-view podcaster Mel Robbins suggests, say “Let them.” She describes it as a “life-changing mindset hack.” Hey, who doesn’t want that? I watched (briefly), and her theory is best summed as “stop trying to force other people to do what you want them to do, and so much more peace will come into your life.” Peace out.

When disagreeing, the impulse is to say something else besides “let” before “them.” But as long as you’re not threatened, not competing on a woman’s swim team or being told what to do, let them talk. Let them use up their hot air. Let them wallow in their own BS. If you’re right (of course you are) it will only take time for your brilliance to be exposed. Then you always have the age-old “Toldja!” in your back pocket. You’ll be itching to use it, but don’t. It’s less divisive and way more effective if left unspoken.  NniSiroqyArrvZvRK6Ne-WSJNewsPaper-12-23-2024.pdf Write to kessler@wsj.com

My Opinion:  It’s the venom and hate that’s the problem…just tired of it!

Why Use AI – 5 Reasons besides making us smarter:

  1. Efficiency and Automation: AI can automate repetitive tasks… saves time and reduces human effort
  2. Data Processing: AI excels at analyzing large datasets quickly… uncovers patterns and insights that humans might miss
  3. Scalability: AI systems can handle growing workloads… without a proportional increase in costs or resources
  4. Accuracy: AI can perform tasks with high precision… reducing errors in areas like diagnostics or forecasting
  5. 24/7 Availability: AI tools can operate continuously… improving productivity and customer support