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The Latest Breaking News from G42

Is Washington Handing China A Win With Nvidia Sales?

Nvidia (NASDAQ:NVDA) stock is taking a hit Friday as a U.S. government decision to permit the chip giant to resume sales of its H20 AI chips to China faces strong opposition from House Select Committee on China Chairman John Moolenaar.

Benzinga

Elon Musk Was ‘Abusing His Power In the Government to Unfairly Compete’ Says OpenAI CEO Sam Altman: ‘It’s Unfortunate for the Country’

Sam Altman accuses Elon Musk of trying to block OpenAI’s Stargate UAE project, escalating tensions in the global AI race.

Barchart

A top OpenAI executive says AI sovereignty may depend on how much a company can afford to spend

OpenAI's chief strategy officer Jason Kwon suggests that capital and data will determine which countries benefit from working with the AI company.

Fortune

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Musk tried to block massive Trump-backed Mideast AI deal unless he was included: report

Elon Musk rushed to the Mideast to hold up a massive Trump-endorsed American AI operation in Abu Dhabi unless it included him, according to a new report

The Independent UK

Khanna Criticises Trump-Backed AI Project to Open Data Center in Dubai, OpenAI Set to Assist

Ro Khanna criticises Trump's UAE AI data centre deal, suggesting it should be in the US. OpenAI may assist the UAE in a massive Dubai data centre, potentially the world's largest.

International Business Times UK

Donald Trump wraps up Gulf tour with €179 billion in UAE deals

US President Donald Trump secured €179 billion ($200 billion) worth of deals with the United Arab Emirates, including plans for the world’s largest artificial intelligence (AI) campus outside the United States, located in Abu Dhabi.

Euronews

Trump agrees deal for UAE to build largest AI campus outside US

Agreement that would give Gulf country better access to advanced AI chips raises concerns over Chinese influence

The Guardian - US

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US Nears Deal To Let UAE Import 500,000 Nvidia AI Chips Annually From 2025: Report

The deal is expected to last at least until 2027, with the possibility of being extended to 2030. Under the draft terms, 100,000 chips per year would go to UAE-based tech company G42.

International Business Times

U.S. issues worldwide crackdown on using Huawei Ascend chips, says it violates export controls

While scrapping the AI Diffusion Rule, the U.S. government has banned Huawei's Ascend AI processors as they allegedly use American technologies without authorization.

Tom’s Hardware

Why Trump's curbs on Nvidia's China sales may not be enough to contain Beijing's AI ambitions

The U.S.'s policy goals may not be coherent, while China's own chip efforts and distributed AI training grow more capable.

Fortune

Geopolitics helps drive Middle Eastern money to Asia as wealthy Gulf investors hedge their bets

The Middle East missed Asia's rise the first time around. They don't want to miss out again.

Fortune

AMD CEO Lisa Su joins board of Arabian AI university

Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) appoints a new board of trustees.

Tom’s Hardware

France's Mistral AI teams up with UAE-backed developers as Le Chat app launches

French AI start-up Mistral has partnered with Cerebras Systems, an artificial intelligence chip firm backed by UAE tech conglomerate G42, to power the launch of its new AI assistant Le Chat, which claims to be the world’s fastest, delivering 1,000 words per second.

Radio France Internationale

US ahead in AI innovation, easily surpassing China in Stanford's new ranking

The U.S. leads the world in developing artificial intelligence technology, surpassing China in research and other important measures of AI innovation, according to a newly released Stanford University index

The Independent UK

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Tom’s Hardware

OpenAI execs mused over Cerebras acquisition in 2017 — to mitigate predicted Nvidia supply woes

To reduce reliance on Nvidia, OpenAI considered to take over Cerebras.

Tom’s Hardware

Cerebras may postpone IPO as US government investigates potential AI tech transfer to China

A delayed CFIUS review of G42 investments in Cerebras may delay the latter's IPO.

Fortune

Cerebras could restart a stagnant IPO market, but clear risks abound

VC-backed AI chipmaker Cerebras filed its S-1, heralding the beginning of its public IPO journey.

Tom’s Hardware

Cerebras files for IPO, shows rapid revenue growth and declining losses

Cerebras proposes IPO at unknown valuation as its revenue grows, and losses decline.

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Fortune

Sam Altman’s quest for cheap AI power will be fueled by Middle East billions. But the true cost goes beyond money

The push to drive down AI costs will cost a fortune—in more ways than one.

Tom’s Hardware

Chip giants TSMC and Samsung reportedly mull building mega factories in the UAE

A new report claims that leading chipmakers TSMC and Samsung are discussing mega factory-building projects in the United Arab Emirates (UAE).

Tom’s Hardware

Advanced Nvidia AI GPUs get UAE G42 green light from U.S. authorities, says new report

G42 gets a serious boost with an Nvidia export license for high-end AI GPUs.

Fortune

Kamala Harris vs. Donald Trump: Who is the better president for business?

There’s one thing Republicans and Democrats can agree on: higher tariffs on imports to America. Here are the challenges both parties’ proposals will pose for corporate leaders.

Fortune

The White House explains why it liked Microsoft's investment in UAE AI champion G42

Microsoft announced a $1.5 billion investment into G42 in April, after the UAE startup said it will divest its stakes in Chinese companies.

TechRadar

These are the biggest challenges datacenters are facing right now and the impact this has on business and the growth of artificial intelligence

An interview with Tinboat Arslanouk about the challenges facing datacenters and businesses as AI begins to put a strain on infrastructure

International Business Times

'Selective' UAE Courting US, Not China, On AI: Minister

The United Arab Emirates is in "complete alignment" with the US on developing artificial intelligence, the oil-rich country's AI minister told AFP, confirming a shift away from China.

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