logo
Global tech alliance launches Stargate UAE

Global tech alliance launches Stargate UAE

Dubai Eye23-05-2025
In a historic step forward for artificial intelligence and international collaboration, G42, OpenAI, Oracle, NVIDIA, SoftBank Group and Cisco today announced their partnership to build Stargate UAE.
Stargate UAE is a 1-gigawatt next-generation AI infrastructure cluster that will run in the newly established 5-gigawatt UAE-US AI Campus in Abu Dhabi.
It will be built by G42 and operated by OpenAI and Oracle.
The collaboration will also include Cisco, offering its zero-trust security and AI-ready connectivity, and SoftBank Group, as well as NVIDIA which will supply the latest NVIDIA Grace Blackwell GB300 systems.
The facility will provide best-in-class infrastructure, nation-scale compute, and low latency inferencing to deliver AI that will meet the demands of an increasingly intelligent world. The first 200-megawatt AI cluster is expected to go live in 2026.
Stargate UAE creates a foundation for scalable, trusted AI. It will accelerate scientific discovery and drive innovation across industries ranging from healthcare and energy to finance and transportation, fuelling future economic growth and national development.
The UAE-US AI Campus which will house Stargate UAE was announced last week in Abu Dhabi in the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and US President Donald Trump.
The initiative builds on a new framework by the US and UAE governments, the 'US-UAE AI Acceleration Partnership,' to deepen cooperation and collaboration on AI and advanced technologies developing safe, secure and responsible AI that delivers long-term benefits for humanity.
Under this framework, UAE entities will also expand their investments in digital infrastructure in the US, in projects such as Stargate US, in line with the recently announced 'America First Investment Policy.'
Spanning over 25 sq.km., the full UAE-US AI infrastructure campus is the largest such deployment outside of the US. It will provide 5 gigawatts of AI data centre capacity and regional compute resources.
The facility will be powered by nuclear, solar and natural gas to minimize carbon emissions and it will also house a science park driving innovation, talent development and sustainable compute infrastructure.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UAE Property: ‘Is it a good time to buy off-plan in Dubai?'
UAE Property: ‘Is it a good time to buy off-plan in Dubai?'

The National

time2 hours ago

  • The National

UAE Property: ‘Is it a good time to buy off-plan in Dubai?'

Question: I am interested to know whether now is still a good time to buy off-plan in Dubai, or should buyers wait for secondary-market discounts? GP, Dubai Answer: Despite the price appreciation over the past few years, I believe now is still a great time to buy a property in Dubai because the market is not going to slow down any time soon. Let's look at the off-plan market first. Dubai's off-plan market remains highly appealing for long-term investors and occupants alike, thanks to attractive pricing, payment flexibility and robust end-user demand. Mid-market and suburban communities such as Jumeirah Village Circle and Dubai South saw asking prices surge over 20 per cent year-on-year in the second quarter of 2025, while luxury villas recorded nearly 10 per cent gains. Against this backdrop, off-plan projects continue to offer developers' incentives that secondary resale cannot match. Some developers absorb Dubai Land Department transfer fees (4 per cent of value) through discounts and other benefits. These alone narrow the gap between launch and resale by 3 per cent to 5 per cent. When you add post-handover payment plans that defer up to 40 per cent to 60 per cent of the purchase price post completion, off-plan becomes an even more compelling proposition. With as little as a 5 per cent to 10 per cent down payment at reservation, followed by milestone payments tied to the payment plan, topping out and handover, buyers can hedge against further interest rate reductions. This staged cash flow is invaluable in today's volatile mortgage market, which is pegged to the US Federal Reserve, allowing you to secure tomorrow's pricing without locking up your entire capital. Secondary market 'bargains' are around, but they are few and far between. When you do find one, they are typically 3 per cent to 5 per cent below launch rates pre handover but these prices vanish within weeks as handover approaches and investor appetite spikes. Buying from the resale market makes sense only if you need immediate occupancy, rental income from day one, or wish to avoid any off-plan late delivery risk. Negotiating with an emotional seller can also sometimes prove difficult, especially if they have unrealistic valuations of their property. The Dubai real estate market has for some time been dominated by off-plan sales. For investors focused on maximum capital appreciation and cash flow management, off-plan remains the best choice. But remember to choose master-planned, blue-chip communities with strong presales and track records. Insist on escrow-backed projects and documented completion guarantees in the sales and purchase agreements. In summary, off-plan today locks in future growth at current prices, while resale must compete on limited timing-based discounts and immediate yield needs. The market is in good health and so as long as your needs are met, you shouldn't go wrong. Q: I've received my annual service charge statement for my Dubai apartment and the fees have jumped by over 20 per cent compared to last year. There's no detailed breakdown and am uncertain whether these increases are justified. What rights do I have as an owner to challenge or appeal against these charges? How can I ensure full transparency over how they're calculated? GW, Dubai Watch: Umm Al Quwain: Small emirate with big beach dreams A: Under Dubai's Strata Law (Law No 27 of 2007, amended by Law No 6 of 2019), every jointly owned property must be managed transparently. Here's how you can enforce your rights: Obtain the detailed budget from the managing agents or developer. You should ask for an itemised service charge budget, showing line-by-line costs (security, landscaping, cleaning, utilities and reserve fund contributions). Once you know the details, submit a request to the managing agent or developer. They should respond within 15 days. Review the owners' association governance. Have you ever attended an annual general meeting? You should receive at least 15 days' notice of an AGM, along with all budget documents. As an owner, you have voting rights on the proposed budget. If the majority rejects it, the managing agent must revise and circulate a new proposal. Join or call an extraordinary general meeting (EGM). An owners' association can be formed when at least 80 per cent of units are sold. Owners can register an association with the Dubai Land Department (DLD). Owners representing at least 25 per cent of the total unit value can call for an EGM to address specific issues – for example, revising service charges or replacing the managing agent. If the AGM or EGM processes fail or you do not have access to budgets, you can escalate to the Dispute Resolution Committee by filing a complaint. You will need copies of all correspondence, AGM notices and your formal budget breakdown request. To strengthen your case, you will need some document comparisons, so benchmark against neighbouring communities to show how much they pay per square foot. Check the accounts yourself if you suspect misallocation such as duplicate invoices, or hire an independent auditor – the costs may be recoverable. Find out whether others in the building feel the same and if so, co-ordinate with other concerned owners because sometimes group complaints carry more weight. Timelines to be aware of are: 15 days to receive the budget after a written request, AGM held annually (with 15 days' notice) and 30 days to file a dispute after the AGM vote. Insisting on full transparency, leveraging your owners' association rights and, if necessary, appealing to the DLD should ensure service charges remain fair and reflective of actual costs.

US President Trump orders firing of labour official over 'rigged' jobs data
US President Trump orders firing of labour official over 'rigged' jobs data

Khaleej Times

time2 hours ago

  • Khaleej Times

US President Trump orders firing of labour official over 'rigged' jobs data

President Donald Trump said Friday (August 1) he has ordered the firing of a key economic official, accusing her of manipulating employment data for political reasons after a new report showed cracks in the US jobs market. US job growth missed expectations in July, Labor Department data showed, and revisions to hiring figures in recent months brought them to the weakest levels since the Covid-19 pandemic. Without providing evidence, Trump lashed out at the department's commissioner of labor statistics, writing on social media that the jobs numbers "were RIGGED in order to make the Republicans, and ME, look bad." In a separate post on his Truth Social platform, he charged that Commissioner Erika McEntarfer had "faked" jobs data to boost Democrats' chances of victory in the recent presidential election. "McEntarfer said there were only 73,000 Jobs added (a shock!) but, more importantly, that a major mistake was made by them, 258,000 Jobs downward, in the prior two months," Trump said, referring to latest data for July. "Similar things happened in the first part of the year, always to the negative," Trump said, insisting that the world's biggest economy was "booming" under his leadership. He later told reporters "we need people that we can trust," accusing the economic official of inflating hiring figures under former president Joe Biden's administration. 'Dangerous precedent' The US added 73,000 jobs last month, while the unemployment rate rose to 4.2 percent from 4.1 per cent, said the Department of Labour earlier Friday. Hiring numbers for May were revised down from 144,000 to 19,000. The figure for June was shifted from 147,000 to 14,000. This was notably lower than job creation levels in recent years. During the pandemic, the economy lost jobs. The employment data points to challenges in the key labor market as companies took a cautious approach in hiring and investment while grappling with Trump's sweeping — and rapidly changing — tariffs this year. The numbers also pile pressure on the central bank as it mulls the best time to cut interest rates. With tariff levels climbing since the start of the year, both on imports from various countries and on sector-specific products such as steel, aluminum and autos, many firms have faced higher business costs. Some are now passing them along to consumers. William Beach, who previously held McEntarfer post at the Bureau of Labor Statistics, warned that her firing "sets a dangerous precedent and undermines the statistical mission of the Bureau." The National Association for Business Economics (NABE) condemned her dismissal, saying large revisions in jobs numbers "reflect not manipulation, but rather the dwindling resources afforded to statistical agencies." "Firing the head of a key government agency because you don't like the numbers they report, which come from surveys using long established procedures, is what happens in authoritarian countries, not democratic ones," slammed Larry Summers, former US Treasury secretary under Democratic president Bill Clinton. 'Gamechanger' Heather Long, chief economist at the Navy Federal Credit Union, said Friday's jobs report was a "gamechanger." "The labor market is deteriorating quickly," said Long, noting that of the growth in July, "75 per cent of those jobs were in one sector: health care." "The economy needs certainty soon on tariffs," Long said. "The longer this tariff whiplash lasts, the more likely this weak hiring environment turns into layoffs." It remains unclear when the dust will settle, with Trump ordering the reimposition of steeper tariffs on scores of economies late Thursday, which are set to take effect in a week. A sharp weakening in the labor market could push the Federal Reserve toward slashing interest rates sooner to shore up the economy. On Friday, the two Fed officials who voted this week against the central bank's decision to keep rates unchanged warned that standing pat risks further damaging the economy. Both Fed Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller argued that the inflationary effects of tariffs were temporary. They added in separate statements that the bank should focus on fortifying the economy to avert further weakening in the labor market. Putting off an interest rate cut "could result in a deterioration in the labor market and a further slowing in economic growth," Bowman said.

New advertiser permit in UAE: Who needs it, validity; all you need to know
New advertiser permit in UAE: Who needs it, validity; all you need to know

Khaleej Times

time4 hours ago

  • Khaleej Times

New advertiser permit in UAE: Who needs it, validity; all you need to know

The UAE Media Council on July 30 announced a new rule for anyone posting ads on social media platforms. A special permit, called the 'Advertiser Permit', will soon be required for individuals who share any promotional content online. This move is part of new efforts to make digital advertising more transparent, professional, and safe for consumers. It also aims to keep up with the fast changes in the media world by putting clear rules in place for how advertisements are posted. The permit will be free for the first three years and will become mandatory in three months, the authority said. While the large community of influencers in the UAE hailed the move, many had questions regarding the implementation of the rule. On Friday, the UAE Media Council took to X to clarify common concerns. Here are answers to some of the most popular queries: Who needs an Advertiser Permit? Anyone who shares advertisements, whether paid or not, on social media platforms, websites, or apps must get the permit. Do business owners need a permit to promote their own brand? No, if they're only promoting their own business or project, they will not require the permit. However, if they hire someone else to advertise for them, that person must have the permit. How long is the permit valid for? The permit is valid for one year and can be renewed each year. If you don't renew it within 30 days after it expires, it will be cancelled. You must already have a licence that allows you to do digital media or social media marketing. Click here for more on how to apply and the full list of rules.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store