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Welcome to Tech News Briefing. It's Tuesday, June 17th. I'm Victoria Craig for the Wall Street Journal.

U.S. tech giants are benefiting from an AI spending spree in the Middle East, but our hurt-on-the-street columnist argues logistical and geopolitical pitfalls abound.

Then, the Trump Organization took the wraps off a golden, made-in-America smartphone

for just under 500 bucks, but is the promise too good to be true. First, the United Arab Emirates,

Qatar, and Saudi Arabia are going all in on AI. Recently, they've devoted billions of dollars

to Microsoft and OpenAI data centers and the

Nvidia and AMD chips to stock them with. WSJ. Hurd on the street columnist Aza Fitch writes that the whole idea is to develop domestic artificial intelligence industries rather than totally seeding the technology to foreign companies.

Aza, what are these countries hoping to get from that boom in spending?

A lot of countries want to have control over AI.

And, you know, in the Middle East, in the Gulf countries that are very energy rich, they have a lot of money to spend and they want to spend it on AI.

They want to be among the leaders in the world in doing just AI in general, but they also want to have things like Arabic, large language models and other things that are local to that area, to those countries.

And so they're just investing heavily in AI and buying up pretty much as much of this AI stuff as they can.

But you write, there's a number of reasons to be skeptical about how sustainable this is in the long run. Why?

There are a few reasons. One is that there are a number of big projects and big investments

coming out of this region that have turned into, let's just say, maybe in some cases, failures, in other cases, just really,

really slow.

The money doesn't come through.

The projects don't go as planned.

...