Oil-rich Abu Dhabi wants to be an AI leader. Aligning with the US is just the start [CNN]
NVIDIA Corporation (NVDA)
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Source: CNN
In April, Microsoft ( MSFT ) announced a $1.5 billion investment in G42 , an AI group based in Abu Dhabi, capital of the United Arab Emirates (UAE), and chaired by an influential member of the ruling royal family. The deal, which analysts say was motivated by the Biden administration's desire to limit Beijing's influence in the region as the US battles to maintain its lead over China in the AI race, firmly pulled the firm into the orbit of the United States. “I think the UAE and the US really see eye to eye with regards to how these technologies are pushed forward,” UAE AI Minister Omar Al Olama, who was appointed in 2017, told CNN in a recent video interview. “I think we're going to see more alignment there.” G42, a holding firm, is comprised of seven companies that work across data centers, energy, healthcare, surveillance and biotechnology. Its controlling shareholder is Tahnoun bin Zayed Al Nahyan, who also serves as the UAE national security adviser. Ad Feedback The UA
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