M.O. Stevens
Sources indicate that the licenses are a reaction to the UAE government's intentions to make substantial investments in the US economy.
The volumes of investment or shipments of chips have not been revealed.
In 2023, the US has placed limitations on the export of advanced AI chips to Gulf nations over worries they might be reallocated to China. This is the first instance of Nvidia processor licenses being granted since Donald Trump took office as US president.
G42 in the UAE is constructing a significant data center for AI technology in Abu Dhabi. The partners in the project consist of OpenAI, Oracle Corp., SoftBank, Nvidia, and Cisco Systems Inc. While the project will need many chips, sources mentioned that the initial licenses do not cover supplies for the G42.
source: bloomberg.com
The volumes of investment or shipments of chips have not been revealed.
In 2023, the US has placed limitations on the export of advanced AI chips to Gulf nations over worries they might be reallocated to China. This is the first instance of Nvidia processor licenses being granted since Donald Trump took office as US president.
G42 in the UAE is constructing a significant data center for AI technology in Abu Dhabi. The partners in the project consist of OpenAI, Oracle Corp., SoftBank, Nvidia, and Cisco Systems Inc. While the project will need many chips, sources mentioned that the initial licenses do not cover supplies for the G42.
source: bloomberg.com