UAE’s Bold Move to Become AI Hub with Nvidia Chip Deal

News Snapshot:

The United States and the United Arab Emirates have struck a preliminary deal for the UAE to import 500,000 of Nvidia's advanced AI chips annually, starting in 2025. This move aims to bolster the Emirates' efforts in constructing data centers crucial for developing cutting-edge artificial intelligence models. While the agreement is still under negotiation and faces potential opposition within the U.S. government, it represents a significant step toward making the Gulf region a third pillar in the global AI landscape, alongside the United States and China. The deal stipulates allocation of 20% of these chips to UAE's tech firm G42,...