Latest news with #USUAEpartnership
The National
3 days ago
- Business
- The National
UAE ambassador promotes technology security of AI acceleration plans with US
Yousef Al Otaiba, the UAE's ambassador to the US, on Wednesday promoted the security aspect of the new US-UAE AI Acceleration partnership. The details come after plans for a 5GW UAE-US AI Campus in Abu Dhabi were announced during President Donald Trump's visit to the UAE. A follow-up development will see Abu Dhabi-based G42 teaming up with technology giants OpenAI, Oracle and Nvidia to create an AI hub in the emirate as part of that project. The US-UAE AI Acceleration partnership also includes commitments from the Emirates to invest in US digital infrastructure. 'Through the implementation of a Regulated Technology Environment, approved UAE organisations acquiring regulated US technologies will adhere to extensive physical and cybersecurity protocols,' Mr Al Otaiba said in a statement posted by the embassy on X. 'These involve regular audits, third-party validations, and active oversight by both nations' governments. The direct involvement of leading US companies further ensures that advanced AI chips and technologies are fully protected from diversion or unauthorised access.' The unprecedented AI boom has been accompanied by increased dialogue to ensure the technology that makes it possible does not fall into the wrong hands. 'This is nothing new,' Mr Al Otaiba said, reflecting on the emphasis on securing the technology at the heart of the recent UAE-US AI announcements. 'This initiative is just the latest in a broad spectrum of Emirati-American partnerships, grounded in decades of mutual trust. 'The UAE has purchased and operates some of the US's most sophisticated defence systems and co-operates closely with the US on a civilian nuclear energy programme with strict safeguards.' The new plans will make the UAE home to one of the world's largest AI infrastructure projects at a time of global competition for AI innovation. The US has sought to maintain its lead in the race by protecting its AI technology, while at the same time working with partners like the UAE to bolster breakthroughs in the sector. The recently publicised plans for the 5GW UAE-US AI Campus in Abu Dhabi gave a reason for optimism for those in the UAE hoping to maintain the country's regional lead on AI research and development. 'To put the new 5GW AI campus in Abu Dhabi into perspective, it would support up to 2.5 million Nvidia B200s. That's bigger than all other major AI infrastructure announcements we've seen so far,' wrote Lennart Heim, an associate information scientist at the Rand Corporation think tank. During Mr Trump's visit to Abu Dhabi, Commerce Secretary Howard Lutnick spoke on the security details of the UAE AI plans, as did Sriram Krishnan, the White House's senior policy adviser for AI. 'These Middle East AI partnerships are historic and this 'AI diplomacy' will help lock-in the American tech stack in the region,' Mr Krishnan posted on X. 'This happens on top of rigorous security guarantees to stop diversion or unauthorised access of our technology.' Both the AI Campus and Stargate UAE plans have been greeted with enthusiasm in technology circles. 'Great to work with the UAE,' said OpenAI founder Sam Altman, in reference to Stargate UAE, an endeavour that includes his company as well as Oracle and Nvidia. Mr Al Otaiba's statement reflected on what he described as the broad benefits that Stargate would yield. 'This new initiative will build compute capacity to deliver safe, secure and broadly beneficial AI in the UAE, US and around the world,' he said.
Yahoo
18-05-2025
- Business
- Yahoo
Citi Stays Bullish on Microsoft (MSFT) After Earnings, Layoffs
We recently published a list of . In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) 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 (). A development team working together to create the next version of Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements. On May 15, Citi reiterated the stock as 'Buy' and raised its price target to $540 per share from $480. Analyst Tyler Radke commended the company's robust fiscal earnings and revenue beat as well as its strong cost efficiencies and improving performance from its Azure cloud business. He also said that the company's move to lay off roughly 6,000 employees is a positive move for the stock. These layoffs could 'help generate incremental net savings upwards of $1B+ into FY26 to help offset the incremental depreciation/ CapEx cost. We feel this signals prudent operating efficiency. We believe savings will be partially reinvested into R & D, focused on the top priority initiatives across their AI portfolio.' 'We stay constructive on MSFT's leading position in GenAI, reiterate our Buy rating and raise target price to $540.' Overall, MSFT ranks 1st on our list of trending AI stocks on Wall Street right now. While we acknowledge the potential of MSFT 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 MSFT 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 . Sign in to access your portfolio
Yahoo
18-05-2025
- 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
Yahoo
18-05-2025
- Business
- Yahoo
Citi Stays Bullish on Microsoft (MSFT) After Earnings, Layoffs
We recently published a list of . In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) 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 (). A development team working together to create the next version of Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements. On May 15, Citi reiterated the stock as 'Buy' and raised its price target to $540 per share from $480. Analyst Tyler Radke commended the company's robust fiscal earnings and revenue beat as well as its strong cost efficiencies and improving performance from its Azure cloud business. He also said that the company's move to lay off roughly 6,000 employees is a positive move for the stock. These layoffs could 'help generate incremental net savings upwards of $1B+ into FY26 to help offset the incremental depreciation/ CapEx cost. We feel this signals prudent operating efficiency. We believe savings will be partially reinvested into R & D, focused on the top priority initiatives across their AI portfolio.' 'We stay constructive on MSFT's leading position in GenAI, reiterate our Buy rating and raise target price to $540.' Overall, MSFT ranks 1st on our list of trending AI stocks on Wall Street right now. While we acknowledge the potential of MSFT 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 MSFT 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
The National
16-05-2025
- Business
- The National
Donald Trump's arrival in the UAE underlines a special relationship
The friendship between the American and Emirati peoples is one that has been present for decades. In 2019, President Sheikh Mohamed, then Crown Prince of Abu Dhabi, met the family of Pat and Marian Kennedy, American doctors who founded the emirate's Oasis Hospital in 1960, a clinic that went on to deliver thousands of Emirati babies at a nascent time in the country's rapid modern development. The US-Emirati relationship forged in such austere times has since developed into a 21st-century partnership characterised by deep co-operation in trade, security, energy and diplomacy. The arrival in Abu Dhabi of US President Donald Trump on Thursday afternoon, and the warm welcome afforded him by UAE President Sheikh Mohamed — as also, significantly, the UAE's highest civilian honour, the Order Of Zayed bestowed on Mr Trump — reflect the importance of that relationship for both countries. "Your relationship and mine is already at the highest level and can't get better. It's an honour to be with you," Mr Trump told President Sheikh Mohamed at Qasr Al Watan last evening. The US leader's visit to the UAE is the third act in what has been a purposeful and dynamic visit to the Gulf. A profusion of bilateral deals worth billions of dollars has been accompanied by some unique moments. Among these was Mr Trump's Riyadh address to the US-Saudi Investment Forum, in which he chided 'western interventionists' and praised Gulf countries for 'developing your own sovereign countries, pursuing your own unique visions, and charting your own destinies'. His visit to Qatar – the first official visit by a US President – was as productive as it was historic, resulting in what the White House said was an estimated $1.2 trillion 'economic exchange'. But if Mr Trump's visit to Doha was a historic first, his presence in the UAE is the latest in several visits by serving and former US presidents that have underlined the two nations' enduring ties. In 1990, former president Jimmy Carter made a private three-day trip to the Emirates, meeting the UAE's Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, to work together on eradicating preventable disease in the developing world. In January 2008, Geroge W Bush became the first sitting US president to come to the country, his two-day visit representing a milestone moment for the long-time partners. It is a partnership that has grown further following Mr Trump's return to office. Since January, his administration has agreed a series of deals and investments involving the UAE, including March's announcement by the White House that the Emirates had pledged a $1.4 trillion 'investment framework' for projects related to artificial intelligence infrastructure, semiconductors, energy and manufacturing. Sources speaking to The National this week have hinted at more developments to come, with UAE and US officials having been "actively engaged" in the lead-up to Mr Trump's visit in hopes of advancing a broad AI and technology partnership. Such engagement is good for the UAE and the US – two countries that still have much to offer each other. But this thriving relationship is also important for the wider Middle East, where the need for dialogue to solve intractable problems – such as the war in Gaza – is more pressing than ever. So long as the US-Emirati bond continues to deepen, both countries will be able to play their part not only in working towards prosperity for their peoples but in working to make this region a better place.
