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The Gulf bets big on AI as it seeks the 'new oil'
The UAE and Saudi Arabia are partnering with the US to position themselves as AI hubs.
Trump's visit to the Gulf also coincided with a strategic shift, which saw the White House easing restrictions on exporting the most powerful microchips from US firm Nvidia to both the UAE and Saudi Arabia. In the context of AI, compute refers to the vast processing power enabled by high-end chips and large-scale data centres - the kind the Gulf is now investing billions to build. However, according to a Reuters report, the multibillion-dollar Stargate deal is still awaiting security clearance, as US officials remain concerned about potential Chinese personnel or technology being involved in UAE data centres.
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