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The Gulf bets big on AI as it seeks the 'new oil'

The Gulf bets big on AI as it seeks the 'new oil'

Summary

The United Arab Emirates (UAE) is investing heavily in artificial intelligence (AI) to become a key global hub for this technology. The UAE announced a large AI campus in collaboration with the US and plans to build significant data centers as part of its "Stargate" project, which involves several international tech firms.

Key Facts

  • The UAE seeks to be a major center for AI, similar to its role in air travel, by investing in AI technology.
  • A large AI campus was announced during a visit by Donald Trump, highlighting UAE-US cooperation in this domain.
  • The UAE aims to reduce its reliance on oil by focusing on AI and data centers, part of its broader economic strategy.
  • Nvidia, a US company, will provide advanced microchips for the UAE's AI projects.
  • G42, an Emirati tech company, is leading the AI investment and development in the UAE, building infrastructure like data centers.
  • Saudi Arabia is also investing in AI, with its Public Investment Fund (PIF) launching a national AI company called Humain.
  • The UAE is encouraging international AI companies and experts to relocate by offering benefits such as low taxes and long-term visas.
  • There is still a challenge in attracting top AI research talent to the region.

Source Information