MICROSOFT WILL INVEST OVER $15 BILLION IN UAE, SECURES US EXPORT LICENSES FOR NVIDIA CHIPS

Microsoft will invest over $15 billion in the United Arab Emirates in the seven years to the end of 2029 and has the Trump administration's approval to export Nvidia chips for its data centres there, a senior executive told Reuters on Monday.

The UAE has been spending billions of dollars to become a global artificial intelligence hub, leveraging its close relations with Washington to secure access to U.S. technology, including some of the world's most advanced chips.

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