After the UAE pledged to invest $1.4 trillion, companies in the country believe that progress has been made in obtaining AI chips.

After the UAE pledged to invest $1.4 trillion, companies in the country believe there has been progress in accessing AI chips

The UAE has pledged to invest $1.4 trillion to strengthen its relationship with Washington and is optimistic about securing access to cutting-edge chips currently subject to US export restrictions. Peng Xiao, CEO of G42, a leading AI company in the UAE, said the UAE has made "very good and substantial progress" in obtaining advanced semiconductors from the US. The UAE has been increasing its investment in the US technology and energy sectors to gain access to chips crucial for its ambition to become an AI powerhouse. The UAE currently falls into the second tier of the AI diffusion rules, which limits the number of processors that can be exported to most countries. Last month, after a meeting between President Donald Trump and Sheikh Tahnoon bin Zayed Al Nahyan, the White House announced that the UAE would invest $1.4 trillion in the US over the next decade.

—— Bloomberg

via Fengxiangqi Reference Express - Telegram Channel