The US has approved the first Nvidia chip exports to the UAE, in a step towards implementing a landmark artificial intelligence partnership, according to reports.
The Commerce Department’s Bureau of Industry and Security has issued the export licences under the terms of a bilateral AI agreement signed in May, Bloomberg reported on Thursday, citing sources.
A representative of the Commerce Department was quoted by Bloomberg saying that the department is “fully committed to the transformational US-UAE AI partnership deal”.
There was no formal comment from Nvidia or the UAE.
The approval came after the UAE made concrete plans for a reciprocal amount of investment on American soil, a US official said. The exact value of the approved chip shipments and UAE investment were not disclosed.
The licences mark the first permits for Nvidia AI chip sales to the Gulf nation since President Donald Trump took office.
The move comes as the UAE pushes to accelerate AI adoption across government and business as part of the UAE Vision 2031, which seeks to position the country among the world’s most advanced digital economies.
The National Artificial Intelligence Strategy, launched in 2017 under the Centennial 2071 vision, also seeks to make the country a global hub for AI and future-driven sectors.
Earlier this year, the UAE and US governments agreed to establish the US-UAE AI Acceleration Partnership, a framework to bolster co-operation around critical technologies. This included plans for a 5-gigawatt UAE-US AI Campus.
The campus was announced during Mr Trump’s visit to the Emirates in May, when he announced deals with country totalling more than $200 billion.
Last month, Nvidia also teamed up with Abu Dhabi's Technology Innovation Institute, the research arm of Abu Dhabi’s Advanced Technology Research Council, to establish a joint lab dedicated to AI and robotics. The collaboration will develop next-generation AI models, robotics platforms and humanoid technologies that will accelerate innovation across industries.
Also, in May, Abu Dhabi AI company G42 teamed up with technology giants OpenAI, Oracle and Nvidia, alongside SoftBank Group, to create Stargate UAE, which will be the largest AI data centre, forming part of a system of OpenAI-linked data centres around the world.
The initial batch of permits does not include any chips for G42, which is partnering with OpenAI on a campus in the UAE’s capital city, according to the Bloomberg report. It added that it’s unclear when additional licences may be issued.
The US has a preliminary agreement with the UAE to allow it to import 500,000 of Nvidia's most advanced AI chips per year, starting in 2025, according to a Reuters report in May. The agreement was at least through to 2027, but there was a chance it could be in place until 2030, it said.
Tips for newlyweds to better manage finances
All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.
Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.
Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.
Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.
Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.
Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
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Three ways to boost your credit score
Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:
1. Make sure you make your payments on time;
2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;
3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.
What are the main cyber security threats?
Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.
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UAE currency: the story behind the money in your pockets
Things Heard & Seen
Directed by: Shari Springer Berman, Robert Pulcini
Starring: Amanda Seyfried, James Norton
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MATCH INFO
Rajasthan Royals 158-8 (20 ovs)
Kings XI Punjab 143/7 (20 ovs)
Rajasthan Royals won by 15 runs
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Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
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UAE currency: the story behind the money in your pockets
