Historic AI Partnership Between the US and UAE Unveiled in Abu Dhabi
The unveiling took place at Qasr Al Watan, attended by His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and President Donald J. Trump, the 47th President of the United States.
The AI campus, spanning 10 square miles, will serve as a hub for US hyperscalers and enterprises, offering regional compute capacity to support AI-driven innovation across the Global South.
The facility will integrate nuclear, solar, and gas power to minimize carbon emissions while fostering advancements in AI research.
The initiative is part of the newly established US-UAE AI Acceleration Partnership, aimed at deepening cooperation in AI and advanced technologies.
The UAE's national AI champion, G42, will lead a consortium with US partners to build and invest in AI infrastructure both in the UAE and globally.
His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of the Artificial Intelligence and Advanced Technology Council (AIATC), emphasized the significance of the partnership, stating: "Today's agreement is a testament to the ongoing collaboration between our countries in artificial intelligence.
It strengthens the UAE's position as a hub for cutting-edge research and sustainable development, delivering transformative benefits for humanity."
The AI campus will also house a science park, driving innovation in AI while ensuring stringent security measures to safeguard advanced technologies.
The UAE and US will collaborate on Know-Your-Customer protocols to regulate access to compute resources, ensuring responsible AI development.
This partnership marks a new era of technological cooperation, reinforcing the UAE's commitment to pioneering AI innovation while strengthening ties with the United States.
The AI campus is expected to accelerate breakthroughs in machine learning, cloud computing, and AI-driven solutions, benefiting industries worldwide.
With this ambitious project, the UAE and US are setting the stage for a future where AI plays a pivotal role in economic growth, sustainability, and global technological leadership.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yemen Online
3 days ago
- Yemen Online
UAE non-oil foreign trade exceeds Dh1.7 trillion in H1 2025: Sheikh Mohammed
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has said that the UAE, under the leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, has continued on its path to become a major trading nation, a reliable trading partner for the world's largest economies and a gateway to facilitate trade flows around the world. In a post on X, the UAE Vice President said, "Today, I reviewed our non-oil foreign trade data for the first half of 2025. In the first six months of this year, we achieved more than Dh1.7 trillion, with a record growth of 24% compared to the first half of 2024, which itself was an exceptional year for our national economy. We recorded double what we achieved in the first half of 2021 and continued the unprecedented boom in our trade with historic growth rates of 59.5 per cent and 37.8 per cent compared to the first half of 2022 and 2023, respectively.' "In September 2021, we launched the Comprehensive Economic Partnership Agreement (CEPA) programme to expand our network of trading partners around the world. Our non-oil foreign trade continues to reap the benefits of this program, under which we have concluded 28 agreements to date, 10 of which have entered into force. This means we can offer unhindered customs access to markets where nearly 3 billion consumers live," he added. Sheikh Mohammed praised the UAE's non-oil exports, which increased their contribution to total non-oil foreign trade to 21.4% for the first time in the country's history, compared to 18.4% in the first half of 2024. Record growth continues in the first half of 2025 The UAE's non-oil foreign trade for the period from January 1 to June 30 2025 showed the continuation of its upward trajectory, recording about Dh1.728 trillion (equivalent to $470.3 billion), with a growth of 24 per cent % year-on-year, compared to the first half of 2024, and growth on a semi-annual basis of 9.1 per cent compared to the second half of 2024. The UAE's non-oil foreign trade continued to achieve record and unprecedented growth rates, recording an increase of 37.8 per cent and 59.5 per cent in the first half of 2025 compared to the same period in 2023 and 2022 respectively. Trade output is double the figure achieved in the first half of 2021 and was more than double the figure recorded in the first half of 2019. The UAE's non-oil exports reached Dh369.5 billion during the first half of 2025, with a growth rate of more than 44.7 per cent — for the first time in the country's history — as well as a growth rate of 80 per cent when compared to the first half of 2023. This level is more than double the value of non-oil exports during 2022, more than double 2021's level and 3 times larger than in 2020 and 2019. Non-oil exports increased during the first half of 2025 at a record rate of 210.3 per cent compared to the same period in 2019. Non-oil exports were the best performers among the UAE's foreign trade during the first half of 2025, contributing 21.4 per cent of the UAE's total non-oil trade. This was higher than the contribution in the first half of 2024 and 2023, where it was 18.4 per cent and 16.4 per cent, respectively. The most important destinations for the UAE's non-oil exports during the first half of 2025 were Switzerland, followed by India second, Turkey third, and Hong Kong-China fourth. Thailand, Switzerland and India recorded the highest growth rates among the recipient markets for UAE exports. Among the top 10 recipients of the UAE's non-oil exports, CEPA partners amounted to Dh85.02 billion, with a growth of 62.8 per cent and a 23 per cent share of the UAE's non-oil exports. India received a value of Dh51.45 billion, a growth of 97.6 per cent compared to 2024 for the same period, followed by Turkey with a value of Dh27.2 billion and a growth of 24.1 per cent. Exports to these ten countries with which CEPAs came into force increased 3 times compared to the exports recorded in 2022 and 2021 and exceeded 4 times the exports in 2019. The value of re-exports also continued its upward trajectory, reaching Dh389 billion during the first half of 2025, with a growth of 14 per cent, 15.8 per cent and 25.4 per cent, compared to the same periods in 2024, 2023 and 2022. respectively. The re-exports of the top 10 partner nations recorded a growth of 16.5 per cent. Re-exports of the rest of the world recorded a growth of 12 pr cent compared with the first half of 2024. The UAE's imports of non-oil goods amounted to Dh969.3 billion during the first half of 2025, a growth rate of 22.5 per cent compared to the same period in 2024, while the UAE's imports from the top 10 trading partners increased by 20.8 per cent and with the rest of the world by 24.3 per cent.
Yemen Online
23-07-2025
- Yemen Online
FAB's Record H1 2025 Earnings: A Strategic Case for Undervalued Growth in the UAE Banking Sector
First Abu Dhabi Bank (FAB) has shattered expectations with its record-breaking first-half 2025 financial performance, posting a net profit of AED 10.63 billion—a 26% year-on-year increase—and a Return on Tangible Equity (RoTE) of 20.5%. These figures not only outpace industry benchmarks but also underscore FAB's emergence as a leader in AI-driven innovation and diversified revenue generation. For investors, this represents a compelling opportunity to capitalize on a bank that is redefining the UAE banking sector's growth trajectory while trading at a discount to its intrinsic value. FAB's strategic embrace of artificial intelligence (AI) has positioned it as a pioneer in digital banking. The deployment of a foundational Agentic AI platform, coupled with the rollout of Microsoft MSFT -0.28% 365 Copilot for all employees, has streamlined operations and enhanced decision-making. Innovations such as the Board AI Observer—a tool that analyzes boardroom discussions to optimize governance—and Voice Concierge, which personalizes customer service, have significantly improved operational efficiency. These advancements have reduced the cost-to-income ratio to 22.3% in Q1 2025 (down from 24% a year earlier), while boosting customer satisfaction and retention. The integration of AI into credit analytics and onboarding processes has further strengthened FAB's risk management framework. By automating underwriting and fraud detection, the bank has reduced loan impairments and accelerated customer acquisition. This technological edge is not just a cost-saving measure—it's a revenue driver. For instance, FAB's AI-powered investment banking division secured a landmark deal to finance one of the region's largest data center projects, contributing to a 17% year-on-year revenue increase in its global markets segment. FAB's revenue model is increasingly resilient, with non-interest income surging 41% to AED 8.35 billion in H1 2025. This growth was fueled by a 25% rise in fees and commissions and a 30% increase in foreign exchange and investment income. The bank's non-interest income now accounts for 46% of total revenue—a stark contrast to the UAE banking sector's average of 38%. This diversification insulates FAB from interest rate fluctuations and positions it to thrive in a low-rate environment. Geographic diversification further amplifies this resilience. FAB's international operations, spanning 16 countries, contributed 30% year-on-year revenue growth in H1 2024. Its recent membership in the Cross-Border Interbank Payment System (CIPS) as the first bank FRBA -- in the MENA region has unlocked new cross-border transaction opportunities, particularly in China and Asia. Domestically, FAB's expansion into wealth management, personal banking, and corporate finance has driven 12% revenue growth in these segments.
Yemen Online
17-07-2025
- Yemen Online
UAE's deal to buy Nvidia AI chips reportedly on hold
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. Smuggling chips to China has become more of a concern in recent months. The Trump administration is rumored to be considering imposing chip export restrictions on Thailand and Malaysia as well to curb potential smuggling. Malaysia on Monday introduced an export permit requirement for U.S. AI chips.
