TECH - Now UAE Forges US Tie-Up With $1.5B Deal To Become Global AI Powerhouse | Benzinga
The United Arab Emirates is pursuing a strategic partnership with the United States in artificial intelligence, aiming to leverage its petrochemical wealth to emerge as a global AI powerhouse.
What Happened: According to Omar Sultan Al Olama, the UAE's AI minister, a recent $1.5 billion deal with Microsoft to invest in Abu Dhabi's AI firm G42 marks the beginning of deeper tech collaboration between the two nations, Financial Times reported on Tuesday. This agreement followed extensive negotiations between U.S. and U.A.E. officials, leading to G42's commitment to phase out Chinese systems.
Al Olama stated, "Now you're going to see the outcomes of that marriage, if I may use that word, between both G42 and Microsoft, but also the UAE and the United States."
He emphasized the necessity of coordinating with U.S. players in frontier technology and reassuring the ...