Saudi Arabia eyes data embassies amid sovereign AI push

As countries race to build domestic data centers in the name of sovereign AI, Saudi Arabia is betting on a more creative idea: data embassies.  A data embassy is where data is stored outside of a country’s physical borders but operates under its laws, much like a diplomatic embassy.   The concept is not new. Estonia established the first data embassy in 2017 and there’s only been one…

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U.S. will finish the year with 3% GDP growth

U.S. Treasury Secretary Scott Bessent speaks onstage during The New York Times DealBook Summit 2025 at Jazz at Lincoln Center on December 03, 2025 in New York City. David Dee Delgado | Getty Images Entertainment | Getty Images More CNBC coverage on U.S. economy The latest report on inflation, delayed by the government shutdown, showed…

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