EUROPE: €400 ‘green tax’ for Europe’s frequent flyers
Several European airlines are already considering charging passengers an ‘environmental cost surcharge’ as they face up to climate change goals, but frequent flyers could feel the sharpest sting
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.
Several European airlines are already considering charging passengers an ‘environmental cost surcharge’ as they face up to climate change goals, but frequent flyers could feel the sharpest sting
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