Joe Biden Set To Welcome UAE President For Talks On AI Cooperation During Sheikh Mohamed Bin Zayed Al-Nahyan's First Official Visit in 7 Years
Portfolio Pulse from Benzinga Neuro
UAE President Sheikh Mohamed bin Zayed al-Nahyan is visiting the US to discuss AI cooperation with President Joe Biden. The UAE aims to secure US support for its AI ambitions, reduce fossil fuel dependence, and establish a framework for AI collaboration. The UAE has partnered with Nvidia and announced a $30 billion AI fund with BlackRock, Global Infrastructure Partners, and Microsoft. Additionally, TSM and Samsung are considering building chip megafactories in the UAE.
September 23, 2024 | 12:58 pm
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Microsoft is involved in a $1.5 billion deal with UAE's AI firm G42 and part of a $30 billion AI investment fund. This highlights Microsoft's strategic role in UAE's AI ambitions.
Microsoft's involvement in significant AI investments in the UAE positions it as a key player in the region's tech development, likely boosting its business prospects.
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Taiwan Semiconductor Manufacturing Co. is exploring building a $100 billion chip megafactory in the UAE, which could enhance its global production capabilities.
TSMC's potential investment in a chip megafactory in the UAE could expand its production capacity and influence in the global semiconductor market.
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