The US is trying to get UAE to collaborate with American tech companies and distance itself from China in its technological collaborations especially when it comes to AI. As a result, several American tech companies like Microsoft, OpenAI etc are investing heavily in the region.
The Biden administration is actively exploring a partnership between US tech companies and the United Arab Emirates (UAE) in the ongoing artificial intelligence race to gain an advantage over China in a race to develop the technology.
In fact, it is actively trying to get the UAE to ditch China as it AI partner and join them instead.
This week, Microsoft made headlines by announcing a substantial $1.5 billion investment in G42, an AI company based in Abu Dhabi chaired by influential Emirati royal Sheikh Tahnoon Bin Zayed al-Nahyan. The deal marks a significant move in its strategic alliance with the UAE.
Sources familiar with the discussions reveal that the deal was facilitated by the US government through a series of meetings over the past year, involving prominent American tech firms like Microsoft, Google, and OpenAI, among others.
These efforts are part of Washington’s broader strategy to maintain leadership in AI technology, particularly in competition with China.
Key figures involved in the negotiations include Commerce Secretary Gina Raimondo and Sheikh Tahnoon, who oversees both G42 and Abu Dhabi’s largest sovereign wealth fund.
The partnership between US tech companies and Abu Dhabi reflects the intersection of commercial interests with national strategic and security considerations.
Abu Dhabi’s aspirations in AI are fueled by its ambitions to leverage its considerable wealth and reduce reliance on fossil fuels. Initiatives like the MGX fund dedicated to AI investments and substantial funding for research and development demonstrate the Emirate’s commitment to AI innovation.
China’s securities regulator said on Wednesday it will tighten scrutiny of derivative businesses in the stock market, and announced punishment of a hedge fund company for excessive, high-frequency
The European Union is embarking on an ambitious journey to become the first climate-neutral continent by 2050, with a significant milestone set for 2040. The EU Climate Law mandates a reduction of net
The Maltese Official Gazette announced the publication of Act No. XXXVIII/2024, titled the VAT (Amendment) Act, 2024. The legislation introduces several changes to Malta’s value-added tax framework,
The Ministry of Financial Services in the Cayman Islands has announced that as of 7 February, the EU has officially removed the Cayman Islands from its list of high-risk third countries with anti-money