Khaberni - Microsoft plans to increase its investments in the UAE to reach 15 billion dollars by the end of 2029, following the approval from the US government to export leading "Nvidia" chips to the UAE, according to a report published by "Reuters".
This move is part of the UAE's efforts to enhance its position in the artificial intelligence sector and transform into a global hub for artificial intelligence using the latest leading "Nvidia" chips.
Brad Smith, vice-chair of Microsoft's board and its president, confirmed in a previous interview that a significant portion of this investment is directed towards building data centers in various locations in the UAE.
From our perspective, this is a pivotal investment to keep up with the increasing demand for artificial intelligence in the region," he added.
Microsoft had acquired a minority stake in the UAE-based artificial intelligence technology company "G42", which granted it a seat on the board occupied by Brad Smith himself.
However, this investment caused discontent among decision-makers in Washington due to G42's previous relationship with the Chinese government, with the potential for the Chinese government to access "Nvidia" chips through "G42".
For its part, "G42" reassured the US government by confirming that it complies with the laws regulating the artificial intelligence and its specific chips sector through a separate statement, which Smith reinforced in a separate remark, indicating the company's adherence to US laws.
The report indicates that "G42" obtained a license to import a group of leading "Nvidia" chips specified for artificial intelligence data centers, as the company had been granted a license to import 21,000 chips during the Biden administration, in addition to another 60,000 chips approved in September.
These approvals came after the Trump administration amended a set of laws related to the export of leading artificial intelligence chips.
The report also confirms that Microsoft's investments are not linked to the "Stargate" project, which involves building a series of US data centers on UAE soil, previously announced by US President Donald Trump and OpenAI CEO Sam Altman.
