-10.9 C
Ottawa
Tuesday, January 20, 2026

Microsoft Increases UAE Investment to $15.2 Billion After US Clears Nvidia Chip Exports

Date:

A Microsoft sign and logo at the company’s headquarters in Redmond, Wash., on April 4, 2025. Jason Redmond/AP PhotoMicrosoft said on Nov. 3 it will invest $7.9 billion in the United Arab Emirates (UAE) between 2026 and 2029, after securing approval from the United States to export advanced Nvidia chips for its data centers in the Gulf state.It brings the U.S. software giant’s total investment in the UAE to $15.2 billion, building on a 2023 initiative with G42, the UAE’s state-backed artificial intelligence firm. Under the plan, Microsoft aims to expand cloud computing capacity, train local talent, and strengthen AI governance.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Zelenskyy Announces New Air Defenses Ahead of Expected Massive Russian Strike

U.S. President Donald Trump greets Ukrainian President Volodymyr Zelenskyy...

Spanish Train Crash Kills at Least 40

An injured person is transported by ambulance after a...

Kaiser Permanente Pays $556 Million to Settle Allegations of Medicare Fraud

Kaiser Permanente’s Oakland, Calif., hospital, on Oct. 4, 2023....

US Monthly Housing Payment Falls to $2,413: Report

A townhouse for sale in Elkridge, Md., on Dec....