US close to letting UAE import millions of Nvidia’s AI chips, sources say

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The US has a preliminary agreement with the United Arab Emirates to allow it to import 500,000 of Nvidia’s most advanced AI chips per year, starting in 2025, two sources familiar with the situation said, boosting the Emirates’ construction of data centers vital to developing artificial intelligence models.

The sources, who spoke on condition of anonymity, said the agreement was at least through 2027, but that there was a chance it could be in place until 2030.

The draft deal called for 20% of the chips, or 100,000 of them per year, to go to UAE’s…



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US close to letting UAE import millions of Nvidia’s AI chips, sources say


The US has a preliminary agreement with the United Arab Emirates to allow it to import 500,000 of Nvidia’s most advanced AI chips per year, starting in 2025, two sources familiar with the situation said, boosting the Emirates’ construction of data centers vital to developing artificial intelligence models.

The sources, who spoke on condition of anonymity, said the agreement was at least through 2027, but that there was a chance it could be in place until 2030.

The draft deal called for 20% of the chips, or 100,000 of them per year, to go to UAE’s…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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