Latest news with #US-UAEAIAccelerationPartnership
Al Etihad
24-05-2025
- Business
- Al Etihad
OpenAI co-founder and CEO Sam Altman praises UAE collaboration following Stargate UAE launch
24 May 2025 12:51 SAMIHAH ZAMAN (ABU DHABI)OpenAI co-founder and CEO Sam Altman has praised the UAE following the launch announcement of next-gen AI infrastructure cluster, Stargate on his social media platforms, Altman lauded the governments 'working to make this happen'."great to work with the UAE on our first international Stargate! appreciate the governments working together to make this happen," he OpenAI head's post comes a day after he attended a partnership announcement in Abu Dhabi to launch Stargate UAE, a one-gigawatt compute cluster that will run in the new five-gigawatt AI campus being developed as part of a UAE-US UAE 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 also praised Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and Board Chairman of the Artificial Intelligence Council."Sheikh Tahnoon has been a great supporter of OpenAI, a true believer in AGI, and a dear personal friend," Altman UAE 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. The larger UAE–US AI Campus that will house Stargate UAE was announced last week in Abu Dhabi during US President Donald Trump's visit to the UAE capital. It 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 deliver safe, secure, and responsible tools that delivers long-term benefits for humanity. Source: Aletihad - Abu Dhabi
Yahoo
23-05-2025
- Business
- Yahoo
G42 and partners to build 1GW Stargate AI data centre
United Arab Emirates (UAE) state-backed company G42 and its partners plan to build the first phase of an AI data centre in the UAE, dubbed 'Stargate UAE'. The project is a joint effort involving G42, OpenAI, Oracle, NVIDIA, SoftBank Group, and Cisco. Stargate UAE will serve as a next-generation compute cluster and will operate within the newly established 5GW UAE–US AI Campus located in Abu Dhabi. G42 is leading the construction of the 1GW cluster, with US companies OpenAI and Oracle set to manage its operations. Oracle CTO and chairman Larry Ellison said: 'Stargate pairs Oracle's AI-optimised cloud with nation-scale sovereign infrastructure. This first-in-the-world platform will enable every UAE government agency and commercial institution to connect their data to the world's most advanced AI models. 'This landmark deployment sets a new standard for digital sovereignty and demonstrates how nation states can harness the power of the most important technology in the history of humankind.' The collaboration includes several major technology firms. Cisco will provide zero-trust security measures and AI-ready network capabilities while NVIDIA will supply its Grace Blackwell GB300 systems, supporting the high-performance compute needs of the facility. SoftBank Group is also participating in the project. Initial operations will begin with a 200MW AI cluster expected to go live in 2026. The infrastructure is designed to support high-scale computing and low-latency AI processing, intended to meet growing global demand. This project is part of the broader "US-UAE AI Acceleration Partnership," an initiative aimed at fostering deeper cooperation on AI and advanced technologies. The partnership seeks to develop AI that is safe, secure, and beneficial for humanity in the long term. As part of this partnership, UAE-based organisations will also expand their digital infrastructure investments in the US, including projects such as Stargate US, aligned with the 'America First Investment Policy'. Covering an area of ten square miles, the UAE–US AI Campus is the largest AI infrastructure project of its kind outside the US. It will offer 5GW of AI data centre capacity, powered by a mix of nuclear, solar, and natural gas sources to reduce carbon emissions. The campus will also feature a science park focused on innovation, workforce development, and sustainable computing technologies. OpenAI co-founder and CEO Sam Altman said: 'By establishing the world's first Stargate outside of the US in the UAE, we're transforming a bold vision into reality. 'This is the first major milestone in our OpenAI for Countries initiative—our effort to work with allies and partners to build AI infrastructure around the world. 'It's a step toward ensuring some of this era's most important breakthroughs—safer medicines, personalised learning, and modernized energy—can emerge from more places and benefit the world.' "G42 and partners to build 1GW Stargate AI data centre" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Dubai Eye
23-05-2025
- Business
- Dubai Eye
Global tech alliance launches Stargate UAE
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 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.
Al Etihad
22-05-2025
- Business
- Al Etihad
In the presence of UAE President, Global Tech Alliance launches Stargate UAE
23 May 2025 00:38 ABU DHABI (ALETIHAD)In the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and in a historic step forward for artificial intelligence and international collaboration, G42, OpenAI, Oracle, NVIDIA, SoftBank Group and Cisco on Thursday announced their partnership to build Stargate UAE. Stargate UAE is a next-generation AI infrastructure cluster that will run in the newly established 5-gigawatt UAE–US AI Campus in Abu launch ceremony was attended by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi; H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence; and H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of the Emirate of Abu Dhabi and Board Chairman of the Artificial Intelligence Council; along with a number of high-ranking UAE, a 1-gigawatt compute cluster, 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 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, fueling future economic growth and national UAE–US AI Campus, which will house Stargate UAE, was announced last week in Abu Dhabi. The endeavour 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 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 10 square miles, 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 minimise carbon emissions and it will also house a science park driving innovation, talent development, and sustainable compute Xiao, Group CEO of G42, said, 'The launch of Stargate UAE is a significant step in the UAE–US AI partnership. As a founding partner, we're proud to work alongside institutions that share our belief in responsible innovation and meaningful global progress. This initiative is about building a bridge - rooted in trust and ambition - that helps bring the benefits of AI to economies, societies, and people around the world.'Sam Altman, Co-founder and CEO of OpenAI, said, 'By establishing the world's first Stargate outside of the US in the UAE, we're transforming a bold vision into reality. This is the first major milestone in our OpenAI for Countries initiative—our effort to work with allies and partners to build AI infrastructure around the world. It's a step toward ensuring some of this era's most important breakthroughs—safer medicines, personalised learning, and modernised energy—can emerge from more places and benefit the world.'Larry Ellison, CTO and Chairman of Oracle, said, 'Stargate pairs Oracle's AI-optimised cloud with nation-scale sovereign infrastructure. This first-in-the-world platform will enable every UAE government agency and commercial institution to connect their data to the world's most advanced AI landmark deployment sets a new standard for digital sovereignty and demonstrates how nation states can harness the power of the most important technology in the history of humankind.'Jensen Huang, founder and CEO of NVIDIA, said, 'AI is the most transformative force of our time. With Stargate UAE, we are building the AI infrastructure to power the country's bold vision – to empower its people, grow its economy, and shape its future.'Masayoshi Son, Chairman and CEO of SoftBank Group, said, 'When we unveiled Stargate in the US with OpenAI and Oracle, we set out to build an engine for the next information revolution. Now, the UAE becomes the first nation beyond America to embrace this sovereign AI platform, proving the global nature of this vision. SoftBank is proud to support the UAE's leap investments, trusted partnerships, and national ambition can create a more connected, more joyful and more empowered world.'Chuck Robbins, Chair and CEO of Cisco, said, 'Cisco is proud to join Stargate UAE to advance groundbreaking AI innovation in the UAE and around the world. By embedding our secure AI-optimised networking fabric for this international deployment, we're building smart, secure and energy-efficient networks that will turn intelligence into impact at global scale.'
Yahoo
19-05-2025
- Business
- Yahoo
Wells Fargo Upgrades Cisco (CSCO) Stock to Overweight, Raises PT to $75
We recently published a list of . In this article, we are going to take a look at where Cisco Systems, Inc. (NASDAQ:CSCO) stands against other trending AI stocks on Wall Street right now. US President Donald Trump wrapped up his tour of the Middle East today, concluding numerous high-profile deals and diplomatic engagements with countries such as Saudi Arabia, Qatar, and the United Arab Emirates (UAE). On his last stop of the Gulf tour, Trump inked a massive AI data centre project where the two countries will be partnering on an artificial intelligence campus. Trump noted that the United Arab Emirates and the United States had agreed on a path for the Gulf country to buy advanced AI semiconductors from U.S. companies. This marks a significant step forward in Abu Dhabi's efforts to become a global AI hub. The AI agreement 'includes the UAE committing to invest in, build, or finance U.S. data centres that are at least as large and as powerful as those in the UAE.' READ ALSO: and . Trump also pledged to strengthen U.S. ties to the United Arab Emirates, announcing deals with the Gulf state totalling over $200 billion. The two countries have agreed to deepen cooperation in artificial intelligence. The US and UAE have agreed to establish a 'US-UAE AI Acceleration Partnership' framework. Trump and Sheikh Mohamed also attended the unveiling of the new 5GW AI campus. This would be the largest outside the United States. However, the countries did not specify which AI chips from Nvidia or other companies could be included in the data centres. 'In the UAE, American companies will operate the data centers and offer American-managed cloud services throughout the region. The agreement also contains strong security guarantees to prevent diversion of U.S. technology.' For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Engineers using the latest Cisco TelePresence technology to collaborate with colleagues around the Systems, Inc. (NASDAQ:CSCO) is an American technology company that provides information technology and networking services. On May 15, Wells Fargo upgraded the stock to 'Overweight' from equal weight and also lifted its price target to $75 from $72. The firm said it sees 'AI momentum' following the company's earnings report on Wednesday. As the company exits its fiscal third quarter, the firm noted how it has already managed to surpass its $1 billion cumulative order target for the fiscal year. That said, it could continue to diversify into other AI opportunities, such as large-scale sovereign AI opportunities and traditional enterprise adoption in the long run. 'Upgrade CSCO to OW; $75 PT ; most notably driven by: 1. Accelerating AI momentum + diversification; $600M+ in new orders in F3Q25 vs. $350M in F2Q25, Enterprise AI oppy via NVDA alignment.' Overall, CSCO ranks 7th on our list of trending AI stocks on Wall Street right now. While we acknowledge the potential of CSCO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CSCO and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
