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UAE’s deal to buy Nvidia AI chips reportedly on hold
The U.S. is reportedly holding up the deal due to concerns that AI chips could be smuggled to China from the UAE.
The massive AI deal between the U.S. and the United Arab Emirates (UAE) is reportedly on hold before it can be finalized due to national security reasons. The deal, which gives the green light to the UAE to buy billions of dollars worth of AI chips from Nvidia and other semiconductor companies, is on hold due to concerns in the U.S. that these AI chips could end up in China, the Wall Street Journal reported, citing anonymous sources. This potential chip smuggling was a concern when the deal was initially formed, according to the Wall Street Journal, but officials from the UAE and Saudi Arabia assured the U.S. they had safeguards in place.
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