logo
UAE and US agree on path for Abu Dhabi to buy most advanced AI chips, Trump says

UAE and US agree on path for Abu Dhabi to buy most advanced AI chips, Trump says

Zawya16-05-2025

DUBAI: U.S. President Donald Trump said on Friday the United Arab Emirates and the United States have agreed to create a path for the Gulf country to buy some of the most advanced artificial intelligence semiconductors from U.S. companies. (Reporting by Nayera Abdallah, Wwriting by Federico Maccioni, Editing by Timothy Heritage)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

X Integrates Polymarket to Let Users Bet on Real-World Events
X Integrates Polymarket to Let Users Bet on Real-World Events

Arabian Post

timean hour ago

  • Arabian Post

X Integrates Polymarket to Let Users Bet on Real-World Events

Elon Musk's social media platform X has entered into a partnership with Polymarket, a cryptocurrency-based prediction market, enabling users to place bets on future events directly through the platform. This collaboration aims to integrate Polymarket's forecasting capabilities with X's user interface, allowing for real-time betting on topics ranging from political elections to economic indicators. Polymarket, established in 2020, operates as a decentralized platform where users can wager on the outcomes of various events using cryptocurrency. The platform utilizes blockchain technology to ensure transparency and security in transactions. By partnering with X, Polymarket seeks to broaden its user base and bring prediction markets into mainstream social media usage. Shayne Coplan, CEO of Polymarket, emphasized the significance of this partnership, stating that it represents a convergence of two platforms committed to truth-seeking and transparency. He highlighted that the integration would provide users with a more interactive and informed experience when engaging with current events on X. ADVERTISEMENT The collaboration is set to introduce features that allow users to participate in prediction markets seamlessly within the X platform. This includes the ability to place bets on live events, access real-time data, and receive AI-generated insights to inform their decisions. The integration is designed to enhance user engagement by combining social media interaction with financial incentives tied to real-world outcomes. Elon Musk has previously expressed interest in the predictive power of markets like Polymarket, suggesting that they can offer more accurate insights than traditional polling methods. By incorporating such a platform into X, Musk aims to provide users with tools that reflect collective intelligence and market-based forecasting. The partnership also aligns with Musk's broader vision of transforming X into a multifaceted platform that extends beyond traditional social media functionalities. By integrating financial services, content creation tools, and now prediction markets, X is positioning itself as a comprehensive digital ecosystem. While the integration promises to offer users new ways to engage with content and events, it also raises questions about regulatory compliance and the potential for market manipulation. Polymarket has faced scrutiny in the past, including a $1.4 million fine from the Commodity Futures Trading Commission in 2022 for operating an unregistered derivatives trading platform. The company has since taken steps to restrict access for U.S. users and ensure compliance with relevant regulations. As the partnership unfolds, both X and Polymarket will need to navigate the complex landscape of financial regulations, user privacy concerns, and the ethical implications of integrating betting mechanisms into social media. The success of this collaboration will depend on their ability to balance innovation with responsibility, ensuring that users can engage with prediction markets in a secure and informed manner. The integration is expected to roll out in phases, with initial features becoming available to select users before a broader launch. Both companies have indicated that they will provide updates on the progress of the integration and any new features that become available.

Trump presses Fed's Powell to cut interest rates by a full point
Trump presses Fed's Powell to cut interest rates by a full point

The National

timean hour ago

  • The National

Trump presses Fed's Powell to cut interest rates by a full point

US President Donald Trump called on Jerome Powell to cut interest rates by a full percentage point on Thursday, ramping up his pressure on the Federal Reserve chair. Mr Trump's latest attacks on the Fed chair came shortly after a Labour Department report showed employers added 139,000 jobs last month, slower than its March gain but still above economists' projections. The unemployment rate remained steady at 4.2 per cent. ''Too Late' at the Fed is a disaster!,' Mr Trump wrote on Truth Social, referring to Mr Powell. 'Europe has had 10 rate cuts, we have had none. Despite him, our Country is doing great. Go for a full point, Rocket Fuel!' In a series of follow-up posts, Mr Trump claimed rate cuts would allow the US to lower short and long-term rates 'on debt that is coming due'. Mr Trump has regularly attacked Mr Powell in recent months over the Fed chair's caution in cutting interest rates. Mr Powell so far has resisted the pressure from the White House and maintains that policy decisions will be data dependent. He and other members on the rate-setting Federal Open Market Committee are currently debating how Mr Trump's tariffs will affect the economy. Speaking in New York on Thursday, Fed Governor Adriana Kugler laid out her support for keeping rates at their current level due to rising inflation risks. Also speaking on Thursday, Kansas City Fed president Jeff Schmid said he expects tariffs will 'likely push up prices', with their effects not being 'fully apparent for some time'. The Fed, which has left rates unchanged for the past three meetings at roughly 4.3 per cent, will hold its next two-day meeting from June 17-18. The Fed's next blackout period begins at midnight on Saturday, meaning there will be no public communications from the central bank before it announces its next rate decision. Traders anticipate the Fed will keep rates unchanged through the summer, according to CME Group data.

Elon Musk has 'lost his mind', Donald Trump says
Elon Musk has 'lost his mind', Donald Trump says

The National

time2 hours ago

  • The National

Elon Musk has 'lost his mind', Donald Trump says

Elon Musk has 'lost his mind', President Donald Trump said on Friday after a bitter falling-out between the world's richest person and the world's most powerful man. Mr Trump told ABC News in a phone call that he was 'not particularly interested' in talking to Mr Musk following Thursday's dramatic break-up. 'You mean the man who has lost his mind?' ABC quoted Mr Trump as saying. An extraordinary and public meltdown in the Trump-Musk relationship played out on social media over several hours, with a dispute over the US President's tax bill quickly escalating into a remarkably personal exchange during which Mr Musk appeared to call for Mr Trump's impeachment. It was a stunning collapse for a close relationship that deepened last year when Mr Musk pumped hundreds of billions of dollars into the Republican's campaign. The tech tycoon was invited into the inner White House to gut parts of the federal workforce through his 'Department of Government Efficiency'. Reports had suggested the two would speak by phone on Friday in a bid to patch up the damaging public row, but the White House scotched that speculation. 'The President does not intend to speak to Musk today,' a senior White House official told AFP when asked if the pair planned to speak. ABC said Mr Trump seemed 'bummed' about the collapse of the relationship, and in a telling symbol, an official told the network that the President is considering selling or giving away a Tesla he had bought to show support for Mr Musk amid protests against the company. A break-up in the billionaire bromance had appeared to be on the cards since Tuesday, after Mr Musk said the Republican President's signature 'big, beautiful' tax bill was a ' disgusting abomination ' that would blow up the national debt. The row exploded on Thursday when Mr Trump said he was 'very disappointed' in Mr Musk and threatened to end his government contracts. Mr Musk even posted, without providing proof, that Mr Trump was referenced in government documents on the disgraced financier and sex offender Jeffrey Epstein. He also approvingly retweeted a post that said Mr Trump should be impeached and Vice President JD Vance sworn in as US leader.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store