UAE and US to seal giant AI deals - Beacon

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Tuesday, May 21, 2024

UAE and US to seal giant AI deals

More UAE, US AI partnerships

The United Arab Emirates and the United States are strategic partners and there will be more joint investments in artificial intelligence between them, the UAE's state minister for AI Omar Sultan Al Olama told Reuters on Tuesday.

"In terms of our investments, since the U.S. is now considering the UAE as a strategic partner, and the UAE is reciprocating that by considering the U.S. as a strategic partner, you will see more deals naturally," Al Olama told Reuters on the sidelines of an event in Dubai.

Microsoft is investing $1.5 billion in G42, the two companies announced last month, giving the U.S. giant a minority stake and a board seat and allowing the two to deepen ties.

As part of the deal, which the two companies said was backed by assurances to the U.S. and UAE governments over security, G42 would use Microsoft cloud services to run its AI applications.

On Tuesday, French Finance Minister Bruno Le Maire flagged during a visit to Abu Dhabi that Paris was open to the UAE investing in its nuclear energy industry. He also said he the two countries would sign a strategic partnership on AI.




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