U.S. Approves Export Of Nvidia Blackwell Chips To Gulf AI Firms

Benzinga

The Commerce Department approved exports of advanced AI chips equal to 35,000 Nvidia Blackwell units each for G42 in Abu Dhabi and Humain in Saudi Arabia, worth about $1 billion per buyer. Both firms must meet strict security and reporting rules, while Humain also announced plans to acquire 600,000 Nvidia chips and build major data centers with xAI.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02The Commerce Department approved the export of advanced AI chips equal to 35,000 NVIDIA Blackwell units to two companies in Saudi Arabia and the United Arab Emirates, according to Reuters.

00:11Chips were approved for G42 in Abu Dhabi and Humane in Saudi Arabia, both government-backed AI companies.

00:17The Commerce Department said both companies were cleared to buy up to 35,000 NVIDIA Blackwell chips, an amount valued at about $1 billion.

00:24The Commerce Department said the approvals required both companies to meet strict security and reporting standards.

00:29We made separately announced plans to buy 600,000 NVIDIA AI chips and developed Saudi data centers with XAI, including a 500-megawatt facility.

00:38For all things money, visit Benzinga.com.

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