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Artificial Intelligence: News, Business, Research
The US government has approved the export of Nvidia AI chips worth several billion dollars to the United Arab Emirates, according to Bloomberg. The Commerce Department's approvals are part of a deal signed in May that ties US chip shipments to matching Emirati investments in the US.
US officials say the Gulf federation plans to invest about $1.4 trillion over the next decade. The initiative includes a five-gigawatt data center in Abu Dhabi, with OpenAI among the partners. Some lawmakers in Washington have raised concerns about security risks and growing Chinese influence. The Trump administration sees the deal as a way to keep China out of the Middle East.
OpenAI, Oracle, and SoftBank are adding five new data centers to their Stargate AI infrastructure project in Texas, New Mexico, Ohio, the Midwest, and Milam County. This will bring the platform's planned capacity to nearly 7 gigawatts, with total investment exceeding $400 billion. The companies aim for 10 gigawatts of AI infrastructure by the end of 2025. Oracle is supplying Nvidia systems for the build-out, and SoftBank is involved through its energy subsidiary SB Energy. The new locations were chosen from over 300 proposals across 30 states and are expected to generate more than 25,000 direct jobs. More US sites are in the pipeline. OpenAI has also announced a partnership with Nvidia for up to $100 billion in additional computing power.
Nvidia has spent more than $900 million to bring Enfabrica CEO Rochan Sankar, several of his team members, and key technology from the AI hardware startup into the company, CNBC reports.
The deal combined cash and stock and looks similar to an acquihire, where companies focus on hiring talent without buying the startup outright. Big tech firms like Google, Meta, and Microsoft often use this strategy to add AI specialists while avoiding lengthy acquisition processes.
Enfabrica builds networking technology that links large GPU clusters more efficiently - a capability Nvidia is betting will strengthen its AI infrastructure. The deal closed last week. Nvidia had already invested in Enfabrica in 2023.