00:00The United States has approved the export of several billion dollars worth of NVIDIA chips to the United Arab Emirates.
00:07The move is meant to help the UAE expand its data center capacity, a key step in developing advanced AI models.
00:18According to Bloomberg News, the licenses were granted under a bilateral AI agreement signed in May,
00:24allowing the UAE to import half a million of NVIDIA's most advanced chips each year starting in 2025.
00:31The agreement is set to run until at least 2027, with an option to extend to 2030.
00:37The move comes as President Donald Trump has focused on strengthening ties with Gulf nations.
00:42During his visit to the region in May, he announced investment commitments worth $600 billion from Saudi Arabia,
00:48including deals to purchase large quantities of chips from NVIDIA, AMD and Qualcomm.
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