President of U.A.E., Sheikh Mohamed bin Zayed al-Nahyan will meet U.S. President Joe Biden in Washington on Monday. The discussion will focus on artificial intelligence cooperation as the U.A.E. seeks easier access to advanced U.S.-made technology.
What Happened: This marks Sheikh Mohamed’s first official visit to the US in seven years, highlighting his commitment to securing White House support for the U.A.E.’s AI ambitions. The U.A.E., a key U.S. ally in the Middle East, has faced strained relations with Washington in recent years, Financial Times reported on Monday.
AI has revitalized the U.S.-U.A.E. relationship. Abu Dhabi aims to reduce its dependence on fossil fuels by partnering with American tech firms. Anwar Gargash, Sheikh Mohamed's diplomatic adviser, emphasized the importance of not missing out on technological advancements.
The U.S. had added Gulf states to a restricted list for importing advanced AI chips, causing delays for U.A.E. companies. Two sources expect the presidents to agree on a framework for U.S.-U.A.E. AI cooperation. One source mentioned the U.A.E.’s goal of establishing a “road map” before the U.S. election to ensure progress regardless of the future administration.
The U.A.E.’s AI group G42 recently partnered with Nvidia on a weather forecasting initiative, and Abu Dhabi’s MGX announced a $30 billion AI investment fund with BlackRock, Global Infrastructure Partners, and Microsoft.
Why It Matters: The UAE’s push for AI collaboration with the U.S. is part of a broader strategy to diversify its economy. The nation is leveraging its wealth to become a global AI powerhouse. In June, the U.A.E. signed a $1.5 billion deal with Microsoft Corp. MSFT to invest in Abu Dhabi’s AI firm G42.
Additionally, Taiwan Semiconductor Manufacturing Co. TSM and Samsung Electronics Co. SSNLF are exploring the construction of $100 billion chip megafactories in the U.A.E. These projects could significantly bolster the U.A.E.’s tech industry and global chip production capabilities.
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Image by Kalashae via Wikimedia Commons
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
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