Elon Musk said on Tuesday that the main constraint on artificial intelligence development is computing power and electricity, not funding or algorithms.

Speaking at the U.S.-Saudi Investment Forum alongside executives from Saudi AI firm Humain and Nvidia on Wednesday, Musk said: “The world isn’t lacking money right now; what AI really needs is electricity and data centers.”

Musk’s comments underscore the growing demand for energy and infrastructure in large-scale AI projects and serve as an indirect endorsement of Saudi investments in computing capacity, while also promoting his own AI initiatives.