Latest news with #Mubadala-backed
Yahoo
05-05-2025
- Business
- Yahoo
Nvidia (NVDA) May Benefit as U.S. Weighs Easing Chip Curbs on UAE
Nvidia (NVDA, Financials) may gain from regulatory changes as the U.S. considers easing AI chip export restrictions to the United Arab Emirates, Bloomberg reported. The review comes ahead of President Donald Trump's May 1316 visit to the Gulf, overlapping with the AI diffusion rule's effective date. Warning! GuruFocus has detected 3 Warning Signs with NVDA. The UAE plans to invest $1.4 trillion over the next decade in U.S. energy, semiconductor, and AI sectors, according to Bloomberg. The effort includes a $1.5 billion Microsoft-G42 partnership and a Mubadala-backed stake in Intel's Altera business. Trump has questioned why a country cleared to buy F-35s faces chip restrictions. Nvidia CEO Jensen Huang urged regulatory changes in Washington, warning that stringent export curbs could drive allies toward Chinese alternatives. Microsoft has similarly advocated for easing rules for American friends, according to the outlet. Bloomberg noted that Trump officials may abandon the tiered diffusion rule in favor of global licensing, potentially allowing country-specific chip agreements. That shift could open up growth channels for Nvidia and peers amid intensifying global AI competition. Investors should watch for policy signals during Trump's UAE visit, as regulatory shifts may reshape Nvidia's global AI strategy. See insider trades for NVDA. Explore Peter Lynch's chart. This article first appeared on GuruFocus. Sign in to access your portfolio
Zawya
12-02-2025
- Business
- Zawya
Mubadala, Microsoft-backed G42 lead $55mln investment in AppliedAi
Microsoft and Mubadala-backed artificial intelligence firm G42 has led a $55 million investment for Abu Dhabi-based start-up AppliedAI. The Series A funding, one of the biggest for a start-up in the region, also drew support from Bassemer Venture Partners, Palantir, McKinsey and Accrete Capital. The new capital will support plans to hire additional staff and develop AI tools. AppliedAI develops software and helps organisations in healthcare, insurance, government and financial services automate processes like medical billing or healthcare claims. AppliedAI was founded in the UK in 2021, but the company later moved to Abu Dhabi. Last year, Microsoft announced a $1.5 billion investment in G42. The partnership seeks to bring the tech giant's AI technologies and skilling initiatives to the UAE and other countries. Part of the plan is to open two AI centres in Abu Dhabi. (Writing by Cleofe Maceda; editing by Seban Scaria)
Zawya
12-02-2025
- Business
- Zawya
Mubadala, Microsoft-backed G42 leads $55mln investment in AppliedAi
Microsoft and Mubadala-backed artificial intelligence firm G42 has led a $55 million investment for Abu Dhabi-based start-up AppliedAI. The Series A funding, one of the biggest for a start-up in the region, also drew support from Bassemer Venture Partners, Palantir, McKinsey and Accrete Capital. The new capital will support plans to hire additional staff and develop AI tools. AppliedAI develops software and helps organisations in healthcare, insurance, government and financial services automate processes like medical billing or healthcare claims. AppliedAI was founded in the UK in 2021, but the company later moved to Abu Dhabi. Last year, Microsoft announced a $1.5 billion investment in G42. The partnership seeks to bring the tech giant's AI technologies and skilling initiatives to the UAE and other countries. Part of the plan is to open two AI centres in Abu Dhabi. (Writing by Cleofe Maceda; editing by Seban Scaria)
